Meriden Economic Development Corp
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 72,473 | 49,483 | 22,990 | 104.0 | 0% |
| 2012 | 166,809 | 183,079 | −16,270 | 27.1 | 0% |
| 2013 | 825 | 4,690 | −3,865 | 1046.0 | — |
| 2014 | 803 | 1,799 | −996 | 2720.4 | — |
| 2015 | 1,100 | 22,343 | −21,243 | 207.6 | — |
| 2016 | 753 | 6,227 | −5,474 | 734.4 | — |
| 2017 | 15,747 | 19,314 | −3,567 | 234.6 | — |
| 2018 | 120,691 | 46,701 | 73,990 | 115.9 | — |
| 2019 | 59,550 | 77,972 | −18,422 | 66.6 | — |
| 2020 | 220,207 | 152,444 | 67,763 | 39.4 | 0% |
| 2021 | 37,942 | 127,815 | −89,873 | 39.2 | — |
| 2022 | 75,431 | 114,486 | −39,055 | 36.7 | — |
| 2023 | 34,127 | 38,828 | −4,701 | 106.6 | — |
| 2024 | 25,916 | 31,310 | −5,394 | 132.4 | — |
In its most recent public year (2024), this organization spent $5,394 more than it brought in. Its reserves stood at about 132.4 months of spending, up from 104 in 2011.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2024. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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