Adelante Community Development
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2017 | 54,077 | 42,813 | 11,264 | 3.2 | — |
| 2018 | 45,970 | 47,072 | −1,102 | -0.3 | — |
| 2019 | 81,499 | 30,760 | 50,739 | 0.0 | — |
| 2020 | 431,275 | 498,288 | −67,013 | 0.0 | 22% |
| 2021 | 436,504 | 381,717 | 54,787 | 0.5 | 9% |
| 2022 | 840,279 | 764,107 | 76,172 | 1.4 | 29% |
| 2023 | 2,639,955 | 1,390,077 | 1,249,878 | 11.6 | 34% |
In its most recent public year (2023), this organization brought in $1,249,878 more than it spent. Its reserves stood at about 11.6 months of spending, up from 3.2 in 2017. Staff pay was 34% of spending. $837,577 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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