Community Enterprise Development Services
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,307,014 | 1,020,830 | 286,184 | 19.5 | 43% |
| 2021 | 2,438,749 | 799,071 | 1,639,678 | 49.5 | 62% |
| 2022 | 1,970,968 | 1,239,201 | 731,767 | 39.0 | 57% |
| 2023 | 2,641,150 | 2,377,333 | 263,817 | 21.7 | 49% |
In its most recent public year (2023), this organization brought in $263,817 more than it spent. Its reserves stood at about 21.7 months of spending, up from 19.5 in 2020. Staff pay was 49% of spending. $1,829,671 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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