Economic Development Corporation Of Los Angeles
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 5,560,027 | 7,063,160 | −1,503,133 | 44.8 | 45% |
| 2013 | 880,524 | 1,442,203 | −561,679 | 213.5 | 46% |
| 2014 | 5,314,628 | 6,502,179 | −1,187,551 | 48.9 | 44% |
| 2015 | 6,593,695 | 7,133,605 | −539,910 | 44.2 | 49% |
| 2016 | 7,205,037 | 7,594,525 | −389,488 | 39.5 | 47% |
| 2017 | 6,901,063 | 7,389,453 | −488,390 | 41.8 | 43% |
| 2018 | 6,861,437 | 7,653,377 | −791,940 | 40.0 | 48% |
| 2019 | 7,363,304 | 7,936,555 | −573,251 | 37.9 | 47% |
| 2020 | 7,272,420 | 7,364,800 | −92,380 | 40.6 | 46% |
| 2021 | 9,257,630 | 7,687,969 | 1,569,661 | 48.7 | 42% |
| 2022 | 9,374,870 | 9,087,793 | 287,077 | 36.0 | 42% |
| 2023 | 5,828,748 | 7,869,790 | −2,041,042 | 41.9 | 46% |
In its most recent public year (2023), this organization spent $2,041,042 more than it brought in. Its reserves stood at about 41.9 months of spending, down from 44.8 in 2012. Staff pay was 46% 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
Economic Development Corporation Of Los Angeles'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