Ashland Development Corp
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 351,967 | 319,052 | 32,915 | 65.0 | 44% |
| 2021 | 397,645 | 323,637 | 74,008 | 66.8 | 45% |
| 2022 | 684,891 | 496,447 | 188,444 | 48.1 | 52% |
| 2023 | 1,632,428 | 1,156,620 | 475,808 | 25.6 | 24% |
In its most recent public year (2023), this organization brought in $475,808 more than it spent. Its reserves stood at about 25.6 months of spending, down from 65 in 2020. Staff pay was 24% of spending. $250,673 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
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