The Economic Development Corporation Of Weslaco
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 2,597,991 | 2,514,583 | 83,408 | 13.0 | 9% |
| 2012 | 2,954,946 | 2,625,272 | 329,674 | 13.9 | 9% |
| 2013 | 2,618,285 | 2,806,333 | −188,048 | 13.1 | 11% |
| 2014 | 3,099,449 | 2,071,066 | 1,028,383 | 23.4 | 10% |
| 2015 | 3,185,089 | 2,012,407 | 1,172,682 | 25.2 | 13% |
| 2016 | 3,159,241 | 1,792,133 | 1,367,108 | 37.5 | 14% |
| 2017 | 3,301,044 | 1,895,117 | 1,405,927 | 44.4 | 15% |
| 2018 | 4,778,724 | 1,879,139 | 2,899,585 | 63.2 | 16% |
| 2019 | 4,110,124 | 2,253,305 | 1,856,819 | 62.6 | 14% |
| 2020 | 4,379,507 | 2,266,468 | 2,113,039 | 73.5 | 15% |
| 2021 | 4,628,585 | 2,717,537 | 1,911,048 | 76.3 | 11% |
| 2022 | 4,956,590 | 3,858,999 | 1,097,591 | 57.1 | 8% |
| 2023 | 8,559,382 | 4,503,064 | 4,056,318 | 59.8 | 7% |
In its most recent public year (2023), this organization brought in $4,056,318 more than it spent. Its reserves stood at about 59.8 months of spending, up from 13 in 2011. Staff pay was 7% of spending. $4,212,961 of its net assets are donor-restricted.
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
The Economic Development Corporation Of Weslaco's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works