Greater Lake City Community Development Corporation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 110,163 | 80,847 | 29,316 | 33.5 | 13% |
| 2021 | 170,318 | 80,487 | 89,831 | 47.1 | 22% |
| 2022 | 189,081 | 88,303 | 100,778 | 56.6 | 20% |
In its most recent public year (2022), this organization brought in $100,778 more than it spent. Its reserves stood at about 56.6 months of spending, up from 33.5 in 2020. Staff pay was 20% 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 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
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