Fac Center Local Development Corp
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 509,980 | 573,303 | −63,323 | 4.5 | 0% |
| 2012 | 554,785 | 650,326 | −95,541 | 2.5 | 0% |
| 2013 | 613,344 | 621,197 | −7,853 | 2.4 | 0% |
| 2014 | 654,529 | 606,987 | 47,542 | 3.7 | 0% |
| 2015 | 715,689 | 594,320 | 121,369 | 6.2 | 0% |
| 2016 | 541,945 | 607,153 | −65,208 | 4.8 | 0% |
| 2017 | 730,486 | 645,758 | 84,728 | 6.1 | 0% |
| 2018 | 719,990 | 635,610 | 84,380 | 7.8 | 0% |
| 2019 | 696,371 | 585,573 | 110,798 | 10.7 | 0% |
| 2020 | 863,702 | 568,590 | 295,112 | 17.3 | 0% |
| 2021 | 707,974 | 583,602 | 124,372 | 19.4 | 0% |
| 2022 | 710,334 | 543,844 | 166,490 | 24.5 | 0% |
| 2023 | 3,338,292 | 805,147 | 2,533,145 | 54.3 | 0% |
In its most recent public year (2023), this organization brought in $2,533,145 more than it spent. Its reserves stood at about 54.3 months of spending, up from 4.5 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
Fac Center Local Development Corp'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