Mcallen Economic Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 4,940,926 | 3,364,343 | 1,576,583 | 49.7 | 31% |
| 2012 | 3,701,858 | 3,387,732 | 314,126 | 50.5 | 30% |
| 2013 | 3,809,201 | 3,642,643 | 166,558 | 47.5 | 27% |
| 2014 | 3,895,521 | 3,486,591 | 408,930 | 51.0 | 29% |
| 2015 | 4,333,745 | 3,823,665 | 510,080 | 48.1 | 28% |
| 2016 | 4,141,162 | 3,712,649 | 428,513 | 51.0 | 30% |
| 2017 | 4,514,857 | 3,752,275 | 762,582 | 52.9 | 30% |
| 2018 | 4,414,167 | 4,253,789 | 160,378 | 47.1 | 7% |
| 2019 | 5,280,128 | 4,519,776 | 760,352 | 46.3 | 7% |
| 2020 | 5,343,294 | 4,485,597 | 857,697 | 49.0 | 25% |
| 2021 | 5,490,638 | 4,735,760 | 754,878 | 48.3 | 25% |
| 2022 | 6,280,082 | 4,863,493 | 1,416,589 | 50.5 | 23% |
| 2023 | 6,403,289 | 5,516,859 | 886,430 | 46.5 | 22% |
In its most recent public year (2023), this organization brought in $886,430 more than it spent. Its reserves stood at about 46.5 months of spending, down from 49.7 in 2011. Staff pay was 22% 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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