Advance North Carolina Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2015 | 103,325 | 61,070 | 42,255 | 8.3 | — |
| 2016 | 536,851 | 437,321 | 99,530 | 3.8 | 15% |
| 2017 | 165,990 | 227,153 | −61,163 | 5.6 | — |
| 2018 | 423,848 | 373,838 | 50,010 | 5.0 | 29% |
| 2019 | 561,341 | 356,626 | 204,715 | 12.1 | 19% |
| 2020 | 3,386,511 | 1,741,344 | 1,645,167 | 14.6 | 7% |
| 2021 | 822,828 | 948,089 | −125,261 | 24.0 | 17% |
| 2022 | 1,758,556 | 1,978,388 | −219,832 | 10.2 | 15% |
In its most recent public year (2022), this organization spent $219,832 more than it brought in. Its reserves stood at about 10.2 months of spending, up from 8.3 in 2015. Staff pay was 15% 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 2022. 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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