Main South Community Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 2,045,496 | 2,603,629 | −558,133 | 20.5 | 24% |
| 2021 | 3,066,021 | 2,821,589 | 244,432 | 20.0 | 24% |
| 2022 | 3,407,145 | 2,936,022 | 471,123 | 21.1 | 24% |
| 2023 | 1,578,508 | 1,625,803 | −47,295 | 35.4 | 25% |
In its most recent public year (2023), this organization spent $47,295 more than it brought in. Its reserves stood at about 35.4 months of spending, up from 20.5 in 2020. Staff pay was 25% of spending. $1,514,867 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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