Victoria Economic Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 507,926 | 470,496 | 37,430 | 3.7 | 64% |
| 2012 | 525,796 | 518,502 | 7,294 | 3.6 | 64% |
| 2013 | 583,995 | 551,227 | 32,768 | 4.2 | 62% |
| 2014 | 579,434 | 547,703 | 31,731 | 5.0 | 65% |
| 2015 | 594,012 | 561,910 | 32,102 | 5.5 | 64% |
| 2016 | 622,052 | 614,262 | 7,790 | 5.2 | 60% |
| 2017 | 616,433 | 627,186 | −10,753 | 4.9 | 60% |
| 2018 | 638,121 | 622,001 | 16,120 | 5.2 | 59% |
| 2019 | 660,988 | 612,969 | 48,019 | 6.3 | 60% |
| 2020 | 639,894 | 512,134 | 127,760 | 10.5 | 56% |
| 2021 | 691,719 | 595,590 | 96,129 | 11.0 | 44% |
| 2022 | 854,432 | 809,870 | 44,562 | 8.7 | 47% |
| 2023 | 1,035,607 | 962,324 | 73,283 | 8.3 | 46% |
In its most recent public year (2023), this organization brought in $73,283 more than it spent. Its reserves stood at about 8.3 months of spending, up from 3.7 in 2011. Staff pay was 46% 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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