Church Towers Urban Renewal Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 5,149,977 | 4,978,953 | 171,024 | 6.2 | 30% |
| 2021 | 4,869,210 | 5,078,076 | −208,866 | 5.6 | 26% |
| 2022 | 5,066,094 | 5,556,276 | −490,182 | 4.1 | 25% |
In its most recent public year (2022), this organization spent $490,182 more than it brought in. Its reserves stood at about 4.1 months of spending, down from 6.2 in 2020. Staff pay was 25% 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 2022. 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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