Carthage Economic Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 576,305 | 637,758 | −61,453 | 18.7 | 23% |
| 2012 | 552,427 | 783,209 | −230,782 | 12.8 | 19% |
| 2013 | 498,129 | 547,077 | −48,948 | 17.2 | 28% |
| 2014 | 521,507 | 323,964 | 197,543 | 36.4 | 15% |
| 2015 | 518,901 | 277,181 | 241,720 | 53.0 | 20% |
| 2016 | 451,432 | 240,159 | 211,273 | 71.7 | 14% |
| 2017 | 445,906 | 555,904 | −109,998 | 28.6 | 12% |
| 2018 | 583,868 | 483,911 | 99,957 | 35.3 | 15% |
| 2019 | 654,539 | 396,099 | 258,440 | 51.0 | 18% |
| 2020 | 643,656 | 384,261 | 259,395 | 60.7 | 20% |
| 2021 | 650,150 | 360,302 | 289,848 | 74.3 | 21% |
| 2022 | 781,390 | 148,714 | 632,676 | 231.2 | 65% |
| 2023 | 958,428 | 305,778 | 652,650 | 138.0 | 33% |
In its most recent public year (2023), this organization brought in $652,650 more than it spent. Its reserves stood at about 138 months of spending, up from 18.7 in 2011. Staff pay was 33% of spending. $3,517,529 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
Carthage 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