Kern Economic Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 748,063 | 856,159 | −108,096 | 3.8 | 70% |
| 2021 | 963,253 | 688,953 | 274,300 | 9.5 | 69% |
| 2022 | 971,949 | 792,500 | 179,449 | 11.0 | 66% |
| 2023 | 930,261 | 856,536 | 73,725 | 11.3 | 65% |
In its most recent public year (2023), this organization brought in $73,725 more than it spent. Its reserves stood at about 11.3 months of spending, up from 3.8 in 2020. Staff pay was 65% 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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