New Destiny Community Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 45,160 | 38,905 | 6,255 | 1.9 | — |
| 2021 | 39,513 | 33,791 | 5,722 | 2.0 | — |
| 2022 | 45,160 | 39,750 | 5,410 | 1.5 | 77% |
| 2023 | 38,070 | 44,681 | −6,611 | -0.5 | 80% |
In its most recent public year (2023), this organization spent $6,611 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-0.5 months), down from 1.9 in 2020. Staff pay was 80% 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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