Economic Development Unit Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 159,741 | 157,865 | 1,876 | -20.0 | 72% |
| 2020 | 146,401 | 165,326 | −18,925 | -20.5 | 72% |
| 2021 | 161,841 | 159,632 | 2,209 | -19.0 | 76% |
| 2022 | 215,734 | 168,420 | 47,314 | -14.7 | 79% |
| 2023 | 232,038 | 173,996 | 58,042 | -10.2 | 79% |
In its most recent public year (2023), this organization brought in $58,042 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-10.2 months), up from -20 in 2019. Staff pay was 79% 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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