Upper Manhattan Empowerment Zone Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 6,857,023 | 5,942,449 | 914,574 | 144.9 | 35% |
| 2021 | 3,433,188 | 4,677,479 | −1,244,291 | 180.5 | 39% |
| 2022 | 9,613,613 | 6,862,166 | 2,751,447 | 124.6 | 23% |
| 2023 | 5,950,446 | 5,219,399 | 731,047 | 168.3 | 32% |
In its most recent public year (2023), this organization brought in $731,047 more than it spent. Its reserves stood at about 168.3 months of spending, up from 144.9 in 2020. Staff pay was 32% 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
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