Market Lubbock Economic Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 6,862,562 | 7,176,100 | −313,538 | 4.4 | 10% |
| 2012 | 7,126,923 | 6,498,924 | 627,999 | 6.0 | 12% |
| 2013 | 7,345,820 | 6,252,034 | 1,093,786 | 6.9 | 13% |
| 2014 | 6,821,251 | 6,099,994 | 721,257 | 8.5 | 16% |
| 2015 | 6,738,320 | 7,260,508 | −522,188 | 6.2 | 14% |
| 2016 | 8,007,965 | 6,953,802 | 1,054,163 | 8.3 | 14% |
| 2017 | 6,871,964 | 4,519,977 | 2,351,987 | 19.7 | 25% |
| 2018 | 7,613,437 | 12,112,938 | −4,499,501 | 2.9 | 8% |
| 2019 | 8,088,548 | 6,030,956 | 2,057,592 | 9.9 | 21% |
| 2020 | 6,919,339 | 7,246,864 | −327,525 | 7.7 | 16% |
| 2021 | 8,303,064 | 5,059,935 | 3,243,129 | 18.7 | 22% |
| 2022 | 9,055,238 | 7,002,008 | 2,053,230 | 17.1 | 17% |
| 2023 | 10,379,213 | 8,854,597 | 1,524,616 | 15.6 | 14% |
In its most recent public year (2023), this organization brought in $1,524,616 more than it spent. Its reserves stood at about 15.6 months of spending, up from 4.4 in 2011. Staff pay was 14% 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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