Regional Black Contractors Association Of North Texas Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 747,678 | 741,647 | 6,031 | 1.8 | 6% |
| 2021 | 760,124 | 791,714 | −31,590 | 0.2 | 18% |
| 2022 | 1,173,154 | 1,019,489 | 153,665 | 2.0 | 19% |
| 2023 | 1,131,722 | 1,282,539 | −150,817 | 0.1 | 21% |
In its most recent public year (2023), this organization spent $150,817 more than it brought in. Its reserves stood at about 0.1 months of spending, down from 1.8 in 2020. Staff pay was 21% 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
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