Excelsior Local Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 880,813 | 644,574 | 236,239 | 4.4 | 16% |
| 2021 | 1,105,630 | 471,039 | 634,591 | 22.2 | 4% |
| 2022 | 2,081,971 | 255,589 | 1,826,382 | 126.7 | 17% |
| 2023 | 1,282,544 | 622,035 | 660,509 | 64.8 | 56% |
In its most recent public year (2023), this organization brought in $660,509 more than it spent. Its reserves stood at about 64.8 months of spending, up from 4.4 in 2020. Staff pay was 56% 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
Excelsior Local 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