South Central Connecticut Regional Economic Developement Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 362,459 | 251,152 | 111,307 | 66.2 | 0% |
| 2021 | 257,037 | 265,157 | −8,120 | 62.3 | 0% |
| 2022 | 235,860 | 273,849 | −37,989 | 58.7 | 0% |
| 2023 | 409,755 | 379,423 | 30,332 | 43.3 | 12% |
In its most recent public year (2023), this organization brought in $30,332 more than it spent. Its reserves stood at about 43.3 months of spending, down from 66.2 in 2020. Staff pay was 12% of spending.
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 2023. 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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