True Community Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 111,935 | 120,889 | −8,954 | 18.4 | 29% |
| 2021 | 184,226 | 156,890 | 27,336 | 16.3 | 33% |
| 2022 | 110,351 | 134,803 | −24,452 | 16.8 | 31% |
| 2023 | 86,648 | 111,981 | −25,333 | 17.5 | 29% |
In its most recent public year (2023), this organization spent $25,333 more than it brought in. Its reserves stood at about 17.5 months of spending. Staff pay was 29% 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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