PURCHASE AREA DEVELOPMENT DISTRICT INCClosed
Closed
Income Statement
Fiscal Year Start:
Jul 1
Closed
This organization closed in 2022. It filed a final 990 indicating termination and no longer appears as active in IRS records, as it is absent from the EO Business Master File and Pub78 List.
Revenues in 2022
$14,269,202
Government Grants
99%
Investments
<1%
Program Services
<1%
Contributions
0%
Fundraising Events
0%
Membership Dues
0%
Other
0%
Expenses in 2022
$13,614,751
Other
57%
Grants
24%
Salaries & Benefits
16%
Offices, Occupancy & IT
2%
Fees to Service Providers
<1%
Interest
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Depreciation
0%
Revenues
2021
2022
Change
Contributions
$0
$0
-
Government Grants
$12,336,457
$14,109,252
+14%
Fundraising Events
$0
$0
-
Program Services
$104,257
$42,888
-59%
Membership Dues
$0
$0
-
Investments
$76,593
$117,062
+53%
Other
$0
$0
-
Total Revenues
$12,517,307
$14,269,202
+14%
Expenses
2021
2022
Change
Grants
$1,960,173
$3,323,237
+70%
Benefits to Members
$0
$0
-
Salaries & Benefits
$3,050,310
$2,241,585
-27%
Fees to Service Providers
$45,420
$58,312
+28%
Advertising & Promotion
$0
$7,519
-
Offices, Occupancy & IT
$189,254
$247,355
+31%
Interest
$0
$9,223
-
Depreciation
$0
$0
-
Other
$6,107,543
$7,727,520
+27%
Total Expenses
$11,352,700
$13,614,751
+20%
Net income
2021
2022
Change
Net income
+$1,164,607
+$654,451
-44%
Functional Expenses
Summary
2021
2022
Change
Program
$10,088,108
$12,941,208
+28%
Admin
$1,264,592
$673,543
-47%
Fundraising
$0
$0
-
Total Expenses
$11,352,700
$13,614,751
+20%
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