Sitka Economic Development Association Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 184,793 | 212,418 | −27,625 | 6.7 | 71% |
| 2022 | 180,359 | 186,397 | −6,038 | 7.3 | 72% |
| 2023 | 187,982 | 208,628 | −20,646 | 5.3 | 64% |
In its most recent public year (2023), this organization spent $20,646 more than it brought in. Its reserves stood at about 5.3 months of spending, down from 6.7 in 2021. Staff pay was 64% 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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