Lubbock Economic Development Alliance Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 7,493,756 | 3,193,910 | 4,299,846 | 63.7 | 35% |
| 2012 | 8,787,700 | 4,501,841 | 4,285,859 | 56.6 | 25% |
| 2013 | 9,390,152 | 3,775,386 | 5,614,766 | 33.8 | 26% |
| 2014 | 8,604,091 | 3,114,705 | 5,489,386 | 62.1 | 29% |
| 2015 | 8,196,371 | 4,860,917 | 3,335,454 | 50.8 | 20% |
| 2016 | 7,885,401 | 6,469,265 | 1,416,136 | 40.8 | 16% |
| 2017 | 6,231,363 | 4,081,833 | 2,149,530 | 70.9 | 25% |
| 2018 | 6,524,810 | 7,259,784 | −734,974 | 38.7 | 14% |
| 2019 | 7,350,664 | 16,622,196 | −9,271,532 | 10.2 | 6% |
| 2020 | 7,562,648 | 7,377,566 | 185,082 | 23.3 | 16% |
| 2021 | 13,680,218 | 4,844,684 | 8,835,534 | 57.3 | 23% |
| 2022 | 10,240,082 | 46,636,205 | −36,396,123 | -3.4 | 3% |
| 2023 | 12,728,693 | 6,099,792 | 6,628,901 | -13.0 | 21% |
In its most recent public year (2023), this organization brought in $6,628,901 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-13 months), down from 63.7 in 2011. Staff pay was 21% 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
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