Flagship Enterprise Center Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 3,502,370 | 2,620,587 | 881,783 | 115.1 | 39% |
| 2022 | 8,589,036 | 2,627,658 | 5,961,378 | 142.0 | 41% |
| 2023 | 3,448,869 | 3,395,547 | 53,322 | 110.0 | 32% |
In its most recent public year (2023), this organization brought in $53,322 more than it spent. Its reserves stood at about 110 months of spending, down from 115.1 in 2021. Staff pay was 32% of spending. $264,884 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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