Redbanks Colonial Terrace
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 5,399,849 | 5,324,033 | 75,816 | -3.2 | 51% |
| 2022 | 4,150,814 | 4,429,356 | −278,542 | -4.6 | 48% |
| 2023 | 4,666,668 | 4,830,419 | −163,751 | -4.6 | 49% |
| 2024 | 6,906,664 | 6,115,581 | 791,083 | -2.1 | 49% |
In its most recent public year (2024), this organization brought in $791,083 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-2.1 months), up from -3.2 in 2021. Staff pay was 49% 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 2024. 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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