Memorial Community Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,256,775 | 1,250,148 | 6,627 | 9.8 | 26% |
| 2012 | 1,186,761 | 1,256,506 | −69,745 | 9.0 | 25% |
| 2013 | 1,429,826 | 1,239,909 | 189,917 | 10.8 | 28% |
| 2014 | 2,250,991 | 1,328,083 | 922,908 | 17.8 | 38% |
| 2015 | 1,931,444 | 1,512,790 | 418,654 | 19.0 | 36% |
| 2016 | 2,134,328 | 2,082,232 | 52,096 | 14.1 | 32% |
| 2017 | 1,445,778 | 1,421,250 | 24,528 | 20.9 | 40% |
| 2018 | 1,710,878 | 1,630,661 | 80,217 | 21.2 | 35% |
| 2019 | 3,176,798 | 2,053,684 | 1,123,114 | 25.7 | 37% |
| 2020 | 2,246,134 | 1,923,593 | 322,541 | 29.1 | 40% |
| 2021 | 2,463,958 | 2,315,673 | 148,285 | 28.3 | 37% |
| 2022 | 2,891,956 | 3,009,211 | −117,255 | 21.3 | 24% |
In its most recent public year (2022), this organization spent $117,255 more than it brought in. Its reserves stood at about 21.3 months of spending, up from 9.8 in 2011. Staff pay was 24% of spending. $2,620,678 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 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
Memorial Community Development Corporation's IRS filings as a feed — one entry per filing year, through 2022. 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