Fayetteville-Cumberland County Economic Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2016 | 412,500 | 360,779 | 51,721 | 1.7 | 57% |
| 2017 | 958,643 | 791,854 | 166,789 | 3.3 | 48% |
| 2018 | 962,512 | 674,792 | 287,720 | 9.0 | 60% |
| 2019 | 1,048,377 | 955,429 | 92,948 | 7.5 | 53% |
| 2020 | 891,572 | 926,346 | −34,774 | 7.3 | 45% |
| 2021 | 864,146 | 1,099,333 | −235,187 | 3.6 | 45% |
| 2022 | 1,073,229 | 1,011,972 | 61,257 | 4.6 | 54% |
| 2023 | 1,085,561 | 1,055,137 | 30,424 | 4.8 | 48% |
In its most recent public year (2023), this organization brought in $30,424 more than it spent. Its reserves stood at about 4.8 months of spending, up from 1.7 in 2016. Staff pay was 48% 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
Fayetteville-Cumberland 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