Groveton Economic Development Corporation Committee 4a
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 39,863 | 3,237 | 36,626 | 644.8 | — |
| 2021 | 64,126 | 19,321 | 44,805 | 175.3 | — |
| 2022 | 30,049 | 22,131 | 7,918 | 157.3 | — |
| 2023 | 65,824 | 100,833 | −35,009 | 30.4 | — |
In its most recent public year (2023), this organization spent $35,009 more than it brought in. Its reserves stood at about 30.4 months of spending, down from 644.8 in 2011.
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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