Folsom Economic Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 162,167 | 197,399 | −35,232 | -3.4 | — |
| 2012 | 185,206 | 132,070 | 53,136 | -0.2 | — |
| 2013 | 62,252 | 45,230 | 17,022 | 3.9 | — |
| 2014 | 26,351 | 39,357 | −13,006 | 0.5 | — |
| 2015 | 134,717 | 130,675 | 4,042 | 0.5 | — |
| 2016 | 211,001 | 117,473 | 93,528 | 10.1 | 63% |
| 2017 | 182,950 | 277,738 | −94,788 | 0.2 | — |
| 2018 | 413,658 | 318,581 | 95,077 | 3.7 | 36% |
| 2019 | 286,400 | 256,085 | 30,315 | 6.1 | 38% |
| 2020 | 143,842 | 238,718 | −94,876 | 1.8 | 48% |
| 2021 | 389,676 | 257,101 | 132,575 | 7.8 | 46% |
| 2022 | 164,194 | 269,397 | −105,203 | 2.8 | 58% |
| 2023 | 352,017 | 317,036 | 34,981 | 3.1 | 35% |
In its most recent public year (2023), this organization brought in $34,981 more than it spent. Its reserves stood at about 3.1 months of spending, up from -3.4 in 2011. 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
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