Brightwood Development Corp
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 545,164 | 655,531 | −110,367 | 39.3 | 10% |
| 2021 | 196,076 | 701,697 | −505,621 | 28.1 | 8% |
| 2022 | 343,669 | 400,318 | −56,649 | 47.6 | 14% |
| 2023 | 327,011 | 390,670 | −63,659 | 46.9 | 15% |
In its most recent public year (2023), this organization spent $63,659 more than it brought in. Its reserves stood at about 46.9 months of spending, up from 39.3 in 2020. Staff pay was 15% 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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