Upgrade Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 323,452 | 417,613 | −94,161 | -39.7 | 9% |
| 2020 | 41,482 | −1,813,307 | 1,854,789 | -3.1 | 0% |
| 2021 | 658 | 10 | 648 | 567178.8 | 0% |
| 2022 | 0 | 40 | −40 | 149476.8 | 0% |
| 2023 | 0 | 476 | −476 | 12549.1 | 0% |
In its most recent public year (2023), this organization spent $476 more than it brought in. Its reserves stood at about 12549.1 months of spending, up from -39.7 in 2019. 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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