Charleston Redevelopment Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2015 | 0 | 0 | 0 | — | — |
| 2018 | 172,542 | 98,901 | 73,641 | 9.3 | — |
| 2019 | 3,454,167 | 43,601 | 3,410,566 | 959.7 | 0% |
| 2020 | 1,628,443 | 486,363 | 1,142,080 | 64.9 | 15% |
| 2021 | 5,936,655 | 1,027,659 | 4,908,996 | 88.0 | 13% |
| 2022 | 6,079,133 | 2,804,516 | 3,274,617 | 46.2 | 5% |
| 2023 | 3,541,424 | 1,334,937 | 2,206,487 | 116.9 | 12% |
In its most recent public year (2023), this organization brought in $2,206,487 more than it spent. Its reserves stood at about 116.9 months of spending. Staff pay was 12% of spending. $583,149 of its net assets are donor-restricted.
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
Charleston Redevelopment 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