Longmont Area Economic Council
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 404,446 | 412,662 | −8,216 | 4.5 | 59% |
| 2012 | 409,437 | 403,132 | 6,305 | 4.7 | 59% |
| 2013 | 423,480 | 372,057 | 51,423 | 6.8 | 56% |
| 2014 | 565,531 | 403,808 | 161,723 | 11.1 | 34% |
| 2015 | 523,771 | 647,321 | −123,550 | 4.6 | 47% |
| 2016 | 606,204 | 655,397 | −49,193 | 3.7 | 50% |
| 2017 | 595,362 | 609,520 | −14,158 | 3.7 | 59% |
| 2018 | 644,298 | 702,661 | −58,363 | 1.6 | 49% |
| 2019 | 703,411 | 710,849 | −7,438 | 2.2 | 51% |
| 2022 | 771,668 | 809,008 | −37,340 | 2.2 | 39% |
| 2023 | 725,889 | 655,119 | 70,770 | 4.0 | 40% |
In its most recent public year (2023), this organization brought in $70,770 more than it spent. Its reserves stood at about 4 months of spending. Staff pay was 40% of spending. $22,651 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 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
Longmont Area Economic Council'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