Commerce Economic Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 403,434 | 113,700 | 289,734 | 220.2 | 59% |
| 2012 | 434,391 | 204,154 | 230,237 | 136.2 | 47% |
| 2013 | 516,814 | 206,813 | 310,001 | 152.4 | 31% |
| 2014 | 437,077 | 233,628 | 203,449 | 145.4 | 29% |
| 2015 | 487,057 | 474,935 | 12,122 | 71.8 | 14% |
| 2016 | 530,238 | 880,169 | −349,931 | 34.0 | 9% |
| 2017 | 552,370 | 1,060,508 | −508,138 | 22.5 | 7% |
| 2018 | 613,903 | 173,920 | 439,983 | 167.3 | 46% |
| 2019 | 803,887 | 181,547 | 622,340 | 201.4 | 46% |
| 2020 | 634,444 | 406,268 | 228,176 | 96.7 | 18% |
| 2021 | 679,457 | 216,963 | 462,494 | 206.7 | 43% |
| 2022 | 1,057,586 | 293,306 | 764,280 | 184.2 | 34% |
| 2023 | 1,039,544 | 192,112 | 847,432 | 334.1 | 50% |
In its most recent public year (2023), this organization brought in $847,432 more than it spent. Its reserves stood at about 334.1 months of spending, up from 220.2 in 2011. Staff pay was 50% of spending. $110,410 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
Commerce 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