Southland Economic Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 3,082,984 | 3,564,973 | −481,989 | 16.8 | 69% |
| 2012 | 2,997,444 | 2,617,499 | 379,945 | 24.6 | 59% |
| 2013 | 3,299,545 | 3,114,246 | 185,299 | 21.4 | 57% |
| 2014 | 3,085,348 | 2,687,572 | 397,776 | 26.6 | 64% |
| 2015 | 2,390,937 | 2,243,684 | 147,253 | 32.6 | 64% |
| 2016 | 2,754,182 | 2,537,639 | 216,543 | 29.7 | 63% |
| 2017 | 2,678,561 | 2,671,565 | 6,996 | 28.7 | 64% |
| 2018 | 3,012,078 | 2,894,992 | 117,086 | 27.1 | 59% |
| 2019 | 3,159,194 | 3,054,971 | 104,223 | 27.0 | 57% |
| 2020 | 3,062,384 | 3,176,445 | −114,061 | 26.5 | 57% |
| 2021 | 3,372,854 | 3,307,364 | 65,490 | 25.7 | 56% |
| 2022 | 3,204,542 | 3,252,939 | −48,397 | 24.0 | 59% |
| 2023 | 3,722,427 | 3,273,659 | 448,768 | 25.7 | 69% |
In its most recent public year (2023), this organization brought in $448,768 more than it spent. Its reserves stood at about 25.7 months of spending, up from 16.8 in 2011. Staff pay was 69% of spending. $300,817 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
Southland Economic 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