Harry S Truman Community Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 387,872 | 560,636 | −172,764 | -4.6 | 13% |
| 2021 | 380,744 | 634,308 | −253,564 | -8.8 | 20% |
| 2022 | 355,897 | 731,534 | −375,637 | -24.5 | 23% |
| 2023 | 446,742 | 692,243 | −245,501 | -30.2 | 22% |
| 2024 | 354,561 | 648,042 | −293,481 | -37.7 | 23% |
In its most recent public year (2024), this organization spent $293,481 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-37.7 months), down from -4.6 in 2020. Staff pay was 23% 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 2024. 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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