Shelby County Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 275,286 | 302,511 | −27,225 | 4.8 | 61% |
| 2021 | 314,189 | 354,290 | −40,101 | 2.7 | 55% |
| 2022 | 306,347 | 333,247 | −26,900 | 1.9 | 62% |
| 2023 | 299,962 | 332,457 | −32,495 | 0.8 | 63% |
In its most recent public year (2023), this organization spent $32,495 more than it brought in. Its reserves stood at about 0.8 months of spending, down from 4.8 in 2020. Staff pay was 63% 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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