Faith Community Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2015 | 120,962 | 44,327 | 76,635 | 38.8 | — |
| 2016 | 1,097,171 | 62,705 | 1,034,466 | 213.1 | 40% |
| 2017 | 11,549,757 | 647,020 | 10,902,737 | 222.9 | 5% |
| 2018 | 1,381,629 | 591,681 | 789,948 | 257.8 | 6% |
| 2019 | 1,883,019 | 1,662,935 | 220,084 | 93.3 | 7% |
| 2020 | 859,527 | 1,717,808 | −858,281 | 84.3 | 7% |
| 2021 | 951,935 | 1,805,155 | −853,220 | 74.6 | 5% |
| 2022 | 848,055 | 1,622,370 | −774,315 | 77.3 | 8% |
| 2023 | 862,484 | 1,687,186 | −824,702 | 68.4 | 8% |
In its most recent public year (2023), this organization spent $824,702 more than it brought in. Its reserves stood at about 68.4 months of spending, up from 38.8 in 2015. Staff pay was 8% of spending. $69,921 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
A new entry when its next filing is released. No account, no email; works in any feed reader, Slack, or automation tool. How following works