Galveston Economic Development Partnership Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 249,085 | 242,426 | 6,659 | 8.6 | 65% |
| 2011 | 308,708 | 281,575 | 27,133 | 8.6 | 69% |
| 2012 | 493,171 | 414,326 | 78,845 | 8.1 | 51% |
| 2013 | 207,733 | 305,742 | −98,009 | 7.1 | 59% |
| 2014 | 428,129 | 350,823 | 77,306 | 8.9 | 54% |
| 2015 | 320,263 | 357,424 | −37,161 | 7.5 | 56% |
| 2016 | 347,085 | 378,600 | −31,515 | 6.0 | 61% |
| 2017 | 235,625 | 306,987 | −71,362 | 4.7 | 69% |
| 2018 | 287,950 | 351,205 | −63,255 | 1.9 | 56% |
| 2019 | 304,760 | 322,870 | −18,110 | 1.4 | 63% |
| 2020 | 313,498 | 281,787 | 31,711 | 3.0 | 74% |
| 2021 | 298,949 | 311,384 | −12,435 | 2.2 | 61% |
| 2022 | 261,566 | 260,657 | 909 | 2.7 | 51% |
| 2023 | 269,883 | 281,967 | −12,084 | 2.0 | 51% |
In its most recent public year (2023), this organization spent $12,084 more than it brought in. Its reserves stood at about 2 months of spending, down from 8.6 in 2010. Staff pay was 51% 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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