Tule River Economic Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 770,208 | 2,082,701 | −1,312,493 | -0.7 | 39% |
| 2021 | 1,571,590 | 2,283,620 | −712,030 | -4.6 | 29% |
| 2022 | 151,983 | 420,551 | −268,568 | 8.6 | 3% |
In its most recent public year (2022), this organization spent $268,568 more than it brought in. Its reserves stood at about 8.6 months of spending, up from -0.7 in 2020. Staff pay was 3% of spending. $3,688,862 of its net assets are donor-restricted.
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 2022. 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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