Economic Development Board For Tacoma Pierce County
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 991,904 | 1,431,821 | −439,917 | 19.0 | 45% |
| 2021 | 3,483,697 | 1,581,679 | 1,902,018 | 31.6 | 51% |
| 2022 | 855,027 | 1,489,215 | −634,188 | 28.5 | 55% |
| 2023 | 2,720,128 | 3,338,861 | −618,733 | 10.5 | 27% |
In its most recent public year (2023), this organization spent $618,733 more than it brought in. Its reserves stood at about 10.5 months of spending, down from 19 in 2020. Staff pay was 27% of spending. $917,665 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
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