Sobro Local Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 332,884 | 326,099 | 6,785 | 31.7 | 0% |
| 2013 | 250,805 | 303,765 | −52,960 | 31.9 | 0% |
| 2014 | 405,332 | 290,376 | 114,956 | 38.1 | 0% |
| 2015 | 424,992 | 343,323 | 81,669 | 35.1 | 0% |
| 2016 | 429,239 | 312,714 | 116,525 | 43.0 | 0% |
| 2017 | 405,288 | 368,683 | 36,605 | 37.7 | 0% |
| 2018 | 359,507 | 426,522 | −67,015 | 30.1 | 14% |
| 2019 | 383,603 | 1,580,953 | −1,197,350 | 2.2 | 0% |
| 2020 | 266,013 | 23,085 | 242,928 | 274.9 | 0% |
| 2021 | 152,959 | 155,344 | −2,385 | 38.1 | 0% |
| 2022 | 47,050 | 539,835 | −492,785 | 0.0 | 0% |
| 2023 | 0 | 705 | −705 | 0.1 | 0% |
In its most recent public year (2023), this organization spent $705 more than it brought in. Its reserves stood at about 0.1 months of spending, down from 31.7 in 2012. Staff pay was 0% 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
Sobro 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