Greater Laredo Development Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 709,045 | 628,929 | 80,116 | 7.3 | 54% |
| 2020 | 713,283 | 745,970 | −32,687 | 5.6 | 54% |
| 2021 | 715,565 | 750,497 | −34,932 | 5.1 | 50% |
| 2022 | 728,926 | 810,785 | −81,859 | 3.5 | 52% |
| 2023 | 892,960 | 884,053 | 8,907 | 3.4 | 52% |
In its most recent public year (2023), this organization brought in $8,907 more than it spent. Its reserves stood at about 3.4 months of spending, down from 7.3 in 2019. Staff pay was 52% 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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