Edinburg Economic Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 9,769,425 | 4,975,006 | 4,794,419 | 33.9 | 9% |
| 2012 | 15,602,994 | 10,923,335 | 4,679,659 | 18.6 | 3% |
| 2013 | 5,030,243 | 8,653,920 | −3,623,677 | 19.1 | 3% |
| 2014 | 6,116,166 | 8,172,928 | −2,056,762 | 17.2 | 7% |
| 2015 | 10,896,950 | 5,898,078 | 4,998,872 | 36.5 | 9% |
| 2016 | 7,787,984 | 17,370,064 | −9,582,080 | 5.8 | 1% |
| 2017 | 6,307,940 | 5,781,949 | 525,991 | 17.4 | 9% |
| 2018 | 6,568,294 | 3,778,761 | 2,789,533 | 35.6 | 10% |
| 2019 | 6,138,102 | 4,137,701 | 2,000,401 | 38.3 | 10% |
| 2020 | 8,091,628 | 6,871,929 | 1,219,699 | 21.5 | 0% |
| 2021 | 9,281,578 | 5,273,428 | 4,008,150 | 38.5 | 0% |
| 2022 | 9,281,124 | 6,849,295 | 2,431,829 | 30.4 | 0% |
| 2023 | 10,737,776 | 4,240,085 | 6,497,691 | 66.8 | 6% |
In its most recent public year (2023), this organization brought in $6,497,691 more than it spent. Its reserves stood at about 66.8 months of spending, up from 33.9 in 2011. Staff pay was 6% of spending. $23,600,438 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
Edinburg Economic Development Corporation'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