Drexel Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 293,081 | 299,867 | −6,786 | -3.4 | 4% |
| 2021 | 300,027 | 307,214 | −7,187 | -3.6 | 5% |
| 2022 | 305,810 | 355,069 | −49,259 | -0.1 | 4% |
| 2023 | 321,751 | 319,031 | 2,720 | -0.4 | 14% |
In its most recent public year (2023), this organization brought in $2,720 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-0.4 months), up from -3.4 in 2020. Staff pay was 14% 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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