Mississippi Economic Development Council Inc Medc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 348,618 | 313,685 | 34,933 | 12.1 | 24% |
| 2012 | 316,779 | 283,237 | 33,542 | 14.8 | 29% |
| 2013 | 371,154 | 402,073 | −30,919 | 10.2 | 26% |
| 2014 | 493,052 | 485,161 | 7,891 | 8.6 | 30% |
| 2015 | 474,675 | 477,395 | −2,720 | 8.7 | 8% |
| 2016 | 458,421 | 433,453 | 24,968 | 10.3 | 28% |
| 2017 | 392,216 | 445,109 | −52,893 | 8.6 | 27% |
| 2018 | 455,247 | 451,634 | 3,613 | 8.6 | 29% |
| 2019 | 475,155 | 479,592 | −4,437 | 8.0 | 27% |
| 2020 | 472,543 | 341,009 | 131,534 | 15.8 | 38% |
| 2021 | 451,062 | 475,781 | −24,719 | 10.7 | 22% |
| 2022 | 517,172 | 469,679 | 47,493 | 12.1 | 23% |
| 2023 | 510,489 | 455,641 | 54,848 | 13.9 | 25% |
In its most recent public year (2023), this organization brought in $54,848 more than it spent. Its reserves stood at about 13.9 months of spending, up from 12.1 in 2011. Staff pay was 25% 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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