Frederick Douglas Community Development Corp
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 345,993 | 456,306 | −110,313 | -25.7 | 28% |
| 2012 | 367,158 | 457,665 | −90,507 | -28.0 | 25% |
| 2013 | 393,380 | 446,890 | −53,510 | -30.1 | 26% |
| 2014 | 412,452 | 477,039 | −64,587 | -29.8 | 25% |
| 2015 | 404,668 | 536,407 | −131,739 | -29.4 | 25% |
| 2016 | 398,393 | 510,586 | −112,193 | -33.6 | 26% |
| 2017 | 486,818 | 573,575 | −86,757 | -31.7 | 29% |
| 2018 | 466,986 | 573,388 | −106,402 | -33.9 | 27% |
| 2019 | 529,158 | 572,618 | −43,460 | -34.9 | 30% |
| 2020 | 517,026 | 563,534 | −46,508 | -36.4 | 32% |
| 2021 | 531,964 | 622,425 | −90,461 | -34.7 | 27% |
| 2022 | 522,030 | 615,876 | −93,846 | -36.9 | 28% |
| 2023 | 536,283 | 654,145 | −117,862 | -36.9 | 28% |
In its most recent public year (2023), this organization spent $117,862 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-36.9 months), down from -25.7 in 2011. Staff pay was 28% 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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