Hedco Local Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 981,563 | 716,846 | 264,717 | 44.4 | 53% |
| 2012 | 967,127 | 898,800 | 68,327 | 36.3 | 55% |
| 2013 | 1,089,169 | 925,496 | 163,673 | 37.4 | 52% |
| 2014 | 1,044,382 | 830,983 | 213,399 | 44.7 | 54% |
| 2015 | 1,158,916 | 863,126 | 295,790 | 47.2 | 54% |
| 2016 | 1,124,823 | 905,472 | 219,351 | 47.9 | 58% |
| 2017 | 1,176,233 | 948,423 | 227,810 | 48.6 | 60% |
| 2018 | 1,071,749 | 1,003,362 | 68,387 | 46.8 | 62% |
| 2019 | 1,230,560 | 1,131,110 | 99,450 | 42.5 | 57% |
| 2020 | 1,489,750 | 904,963 | 584,787 | 60.9 | 56% |
| 2021 | 1,272,757 | 1,137,044 | 135,713 | 49.2 | 63% |
| 2022 | 1,032,619 | 1,028,380 | 4,239 | 54.5 | 62% |
| 2023 | 1,198,297 | 973,701 | 224,596 | 60.3 | 58% |
In its most recent public year (2023), this organization brought in $224,596 more than it spent. Its reserves stood at about 60.3 months of spending, up from 44.4 in 2011. Staff pay was 58% 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
Hedco Local 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