South Memphis Renewal Community Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2008 | 0 | 525 | −525 | 353.7 | — |
| 2009 | 0 | 325 | −325 | 559.4 | — |
| 2010 | 500 | 325 | 175 | 565.8 | — |
| 2011 | 0 | 405 | −405 | 446.5 | — |
| 2012 | 500 | 275 | 225 | 667.4 | — |
| 2013 | 500 | 225 | 275 | 830.4 | — |
| 2014 | 0 | 125 | −125 | 1482.7 | — |
| 2017 | 18,500 | 18,500 | 0 | 157.3 | — |
| 2018 | 2,650 | 2,650 | 0 | 1124.7 | — |
| 2019 | 302,900 | 344,124 | −41,224 | 17.4 | 0% |
| 2020 | 559,156 | 540,781 | 18,375 | 7.9 | 36% |
| 2021 | 553,435 | 526,418 | 27,017 | 8.7 | 14% |
| 2022 | 294,636 | 286,118 | 8,518 | 23.1 | 48% |
| 2023 | 774,259 | 813,846 | −39,587 | 8.1 | 32% |
In its most recent public year (2023), this organization spent $39,587 more than it brought in. Its reserves stood at about 8.1 months of spending, down from 353.7 in 2008. Staff pay was 32% 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
South Memphis Renewal Community Development Corporation's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works