Spencer Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 66,138 | 54,432 | 11,706 | 95.7 | — |
| 2012 | 69,144 | 103,628 | −34,484 | 46.3 | — |
| 2013 | 57,974 | 68,623 | −10,649 | 68.0 | — |
| 2014 | 53,235 | 67,203 | −13,968 | 67.0 | — |
| 2015 | 46,005 | 64,027 | −18,022 | 66.9 | — |
| 2016 | 40,591 | 70,375 | −29,784 | 55.8 | — |
| 2017 | 51,044 | 68,026 | −16,982 | 54.7 | — |
| 2018 | 55,813 | 90,718 | −34,905 | 36.4 | — |
| 2019 | 54,226 | 64,744 | −10,518 | 49.1 | — |
| 2021 | 58,924 | 72,095 | −13,171 | 40.9 | — |
| 2022 | 63,954 | 71,875 | −7,921 | 39.7 | — |
| 2023 | 68,365 | 67,494 | 871 | 42.5 | — |
In its most recent public year (2023), this organization brought in $871 more than it spent. Its reserves stood at about 42.5 months of spending, down from 95.7 in 2011.
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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