Springfield Business Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 332,574 | 664,512 | −331,938 | 16.6 | 0% |
| 2012 | 518,061 | 745,526 | −227,465 | 10.7 | 0% |
| 2013 | 1,025,743 | 737,671 | 288,072 | 15.2 | 0% |
| 2014 | 888,147 | 834,330 | 53,817 | 7.0 | 0% |
| 2015 | 858,868 | 844,067 | 14,801 | 7.1 | 0% |
| 2016 | 864,517 | 903,730 | −39,213 | 6.1 | 0% |
| 2017 | 980,431 | 1,067,758 | −87,327 | 4.2 | 0% |
| 2018 | 1,047,193 | 981,678 | 65,515 | 5.4 | 0% |
| 2019 | 1,031,426 | 1,026,617 | 4,809 | 5.2 | 0% |
| 2020 | 935,201 | 880,428 | 54,773 | 6.8 | 0% |
| 2021 | 977,439 | 850,563 | 126,876 | 8.8 | 0% |
| 2022 | 937,090 | 893,663 | 43,427 | 9.0 | 0% |
| 2023 | 926,145 | 1,040,934 | −114,789 | 6.4 | 0% |
In its most recent public year (2023), this organization spent $114,789 more than it brought in. Its reserves stood at about 6.4 months of spending, down from 16.6 in 2011. Staff pay was 0% of spending. $2,184 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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