Development Corporation Of Austin
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 438,202 | 392,892 | 45,310 | 45.5 | 46% |
| 2021 | 390,369 | 365,791 | 24,578 | 49.5 | 44% |
| 2022 | 505,143 | 434,896 | 70,247 | 41.9 | 38% |
| 2023 | 507,725 | 559,275 | −51,550 | 31.8 | 30% |
In its most recent public year (2023), this organization spent $51,550 more than it brought in. Its reserves stood at about 31.8 months of spending, down from 45.5 in 2020. Staff pay was 30% 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
A new entry when its next filing is released. No account, no email; works in any feed reader, Slack, or automation tool. How following works