Greater Franklin Development Council
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 216,865 | 210,870 | 5,995 | 12.4 | 64% |
| 2021 | 725,070 | 215,617 | 509,453 | 36.1 | 56% |
| 2022 | 914,212 | 197,522 | 716,690 | 82.3 | 65% |
In its most recent public year (2022), this organization brought in $716,690 more than it spent. Its reserves stood at about 82.3 months of spending, up from 12.4 in 2020. Staff pay was 65% 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 2022. 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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