Economic Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 988,086 | 1,083,942 | −95,856 | 7.3 | 35% |
| 2012 | 1,127,728 | 1,118,836 | 8,892 | 7.2 | 37% |
| 2013 | 1,003,028 | 1,051,330 | −48,302 | 7.1 | 40% |
| 2014 | 982,827 | 804,127 | 178,700 | 11.9 | 34% |
| 2015 | 1,021,542 | 958,814 | 62,728 | 10.8 | 33% |
| 2016 | 955,566 | 921,099 | 34,467 | 11.7 | 35% |
| 2017 | 1,403,000 | 1,390,461 | 12,539 | 7.8 | 28% |
| 2018 | 908,427 | 1,095,064 | −186,637 | 7.9 | 36% |
| 2019 | 1,115,367 | 1,103,186 | 12,181 | 8.0 | 37% |
| 2020 | 1,031,367 | 1,128,389 | −97,022 | 6.8 | 34% |
| 2021 | 1,260,846 | 890,949 | 369,897 | 13.6 | 36% |
| 2022 | 1,340,620 | 1,041,283 | 299,337 | 15.1 | 27% |
| 2023 | 1,766,110 | 1,293,663 | 472,447 | 16.5 | 27% |
| 2024 | 1,554,450 | 1,249,954 | 304,496 | 20.0 | 29% |
In its most recent public year (2024), this organization brought in $304,496 more than it spent. Its reserves stood at about 20 months of spending, up from 7.3 in 2011. Staff pay was 29% of spending. $259,807 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 2024. 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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