Montgomery County Economic Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2016 | 500,000 | 237,972 | 262,028 | 13.2 | 0% |
| 2017 | 4,478,475 | 3,050,693 | 1,427,782 | 6.6 | 35% |
| 2018 | 5,030,563 | 5,237,642 | −207,079 | 3.4 | 36% |
| 2019 | 5,109,698 | 4,485,147 | 624,551 | 5.6 | 47% |
| 2020 | 7,128,842 | 6,108,581 | 1,020,261 | 6.1 | 37% |
| 2021 | 21,976,364 | 22,480,206 | −503,842 | 1.4 | 11% |
| 2022 | 7,933,113 | 8,894,394 | −961,281 | 2.2 | 29% |
| 2023 | 7,205,268 | 6,944,623 | 260,645 | 3.3 | 37% |
In its most recent public year (2023), this organization brought in $260,645 more than it spent. Its reserves stood at about 3.3 months of spending, down from 13.2 in 2016. Staff pay was 37% 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
Montgomery County Economic Development Corporation's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works