Frederick Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2015 | 130,829 | 127,474 | 3,355 | 38.3 | 5% |
| 2016 | 640,739 | 609,253 | 31,486 | 8.4 | 1% |
| 2017 | 710,583 | 720,394 | −9,811 | 6.9 | 0% |
| 2018 | −7,792 | 117,744 | −125,536 | 43.7 | 5% |
| 2019 | 4,669 | 111,995 | −107,326 | 125.0 | 4% |
| 2020 | 107,490 | 103,484 | 4,006 | 3.9 | 5% |
| 2021 | 159,257 | 120,914 | 38,343 | 7.1 | 5% |
| 2022 | 141,937 | 139,728 | 2,209 | 6.4 | 5% |
| 2023 | 146,284 | 149,635 | −3,351 | 5.7 | 4% |
In its most recent public year (2023), this organization spent $3,351 more than it brought in. Its reserves stood at about 5.7 months of spending, down from 38.3 in 2015. Staff pay was 4% 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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