Matagorda Co Economic Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 306,759 | 219,220 | 87,539 | 34.4 | 58% |
| 2021 | 277,937 | 255,430 | 22,507 | 30.5 | 43% |
| 2022 | 339,191 | 142,292 | 196,899 | 71.4 | 58% |
| 2023 | 153,463 | 230,266 | −76,803 | 40.1 | 54% |
In its most recent public year (2023), this organization spent $76,803 more than it brought in. Its reserves stood at about 40.1 months of spending, up from 34.4 in 2020. Staff pay was 54% 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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