Spruce Island Development Corporation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 250,835 | 281,492 | −30,657 | -0.1 | 41% |
| 2012 | 37,577 | 13,735 | 23,842 | 19.8 | 46% |
| 2013 | 1,950 | 1,252 | 698 | 220.1 | 0% |
| 2014 | 12,932 | 12,351 | 581 | 23.0 | — |
| 2017 | 1,292 | 1,322 | −30 | 228.2 | — |
| 2018 | 501,732 | 461,375 | 40,357 | 1.7 | 22% |
| 2019 | 0 | 19,576 | −19,576 | 28.2 | — |
| 2020 | 7,458 | 10,434 | −2,976 | 49.4 | — |
| 2021 | 0 | 1,852 | −1,852 | 266.3 | — |
| 2022 | 100 | 1,624 | −1,524 | 299.0 | — |
| 2023 | 526,350 | 517,396 | 8,954 | 1.1 | 0% |
In its most recent public year (2023), this organization brought in $8,954 more than it spent. Its reserves stood at about 1.1 months of spending, up from -0.1 in 2011. 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
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