Cumberland Empowerment Zone Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 354,837 | 491,103 | −136,266 | 258.7 | 19% |
| 2021 | 390,388 | 556,602 | −166,214 | 224.7 | 13% |
| 2022 | 714,640 | 415,167 | 299,473 | 309.9 | 46% |
| 2023 | 553,521 | 487,610 | 65,911 | 265.5 | 36% |
In its most recent public year (2023), this organization brought in $65,911 more than it spent. Its reserves stood at about 265.5 months of spending, up from 258.7 in 2020. Staff pay was 36% 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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