Spring Lake Business Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 109,510 | 96,498 | 13,012 | 6.2 | 50% |
| 2012 | 105,839 | 116,218 | −10,379 | 4.1 | 34% |
| 2013 | 110,133 | 108,718 | 1,415 | 4.5 | 42% |
| 2014 | 96,557 | 108,805 | −12,248 | 3.2 | 41% |
| 2015 | 110,543 | 100,223 | 10,320 | 4.7 | 51% |
| 2016 | 94,111 | 101,452 | −7,341 | 3.7 | 48% |
| 2017 | 106,083 | 96,393 | 9,690 | 5.1 | 51% |
| 2018 | 116,773 | 124,531 | −7,758 | 3.2 | 41% |
| 2019 | 115,669 | 115,324 | 345 | 3.5 | 32% |
| 2020 | 105,940 | 99,351 | 6,589 | 4.9 | 47% |
| 2021 | 111,393 | 114,605 | −3,212 | 3.9 | 44% |
| 2022 | 117,324 | 141,180 | −23,856 | 1.1 | 43% |
| 2023 | 157,884 | 139,762 | 18,122 | 2.7 | 49% |
In its most recent public year (2023), this organization brought in $18,122 more than it spent. Its reserves stood at about 2.7 months of spending, down from 6.2 in 2011. Staff pay was 49% 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
Spring Lake Business Development Corporation's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works