Miles College Community Development Corportation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 256,956 | 121,796 | 135,160 | 22.2 | 0% |
| 2020 | 15,000 | 644 | 14,356 | 646.9 | — |
| 2021 | 83,100 | 49,111 | 33,989 | 16.9 | 0% |
| 2022 | 50,100 | 35,170 | 14,930 | 0.0 | — |
In its most recent public year (2022), this organization brought in $14,930 more than it spent. Its reserves stood at about 0 months of spending, down from 22.2 in 2019.
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 2022. 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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