Desoto County Economic Development Council
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,013,523 | 680,030 | 333,493 | 15.8 | 68% |
| 2021 | 866,441 | 738,334 | 128,107 | 12.9 | 68% |
| 2022 | 878,105 | 1,022,457 | −144,352 | 7.7 | 52% |
| 2023 | 972,815 | 931,012 | 41,803 | 9.0 | 53% |
In its most recent public year (2023), this organization brought in $41,803 more than it spent. Its reserves stood at about 9 months of spending, down from 15.8 in 2020. Staff pay was 53% of spending. $76,948 of its net assets are donor-restricted.
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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