Covington County Economic Development Commission
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2013 | 254,087 | 226,335 | 27,752 | 33.9 | 61% |
| 2014 | 255,563 | 250,357 | 5,206 | 23.1 | 67% |
| 2015 | 200,487 | 228,673 | −28,186 | 23.8 | 57% |
| 2016 | 235,682 | 240,158 | −4,476 | 22.4 | 55% |
| 2017 | 279,112 | 414,190 | −135,078 | 9.1 | 38% |
| 2018 | 465,793 | 512,757 | −46,964 | 6.2 | 31% |
| 2019 | 634,156 | 566,562 | 67,594 | 7.1 | 29% |
| 2020 | 561,112 | 451,204 | 109,908 | 11.8 | 37% |
| 2021 | 644,791 | 470,342 | 174,449 | 15.8 | 37% |
| 2022 | 539,970 | 610,520 | −70,550 | 10.8 | 30% |
| 2023 | 475,240 | 552,457 | −77,217 | 10.2 | 35% |
In its most recent public year (2023), this organization spent $77,217 more than it brought in. Its reserves stood at about 10.2 months of spending, down from 33.9 in 2013. Staff pay was 35% 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
Covington County Economic Development Commission's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works