New Beginning Of Albany Community Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2016 | 471,778 | 471,778 | 0 | 0.0 | 69% |
| 2017 | 305,658 | 305,658 | 0 | 0.0 | 93% |
| 2018 | 483,083 | 483,083 | 0 | 0.0 | 92% |
| 2019 | 612,411 | 601,411 | 11,000 | 0.2 | 72% |
| 2020 | 555,845 | 542,905 | 12,940 | 0.5 | 47% |
| 2021 | 706,057 | 675,867 | 30,190 | 1.0 | 39% |
| 2022 | 763,888 | 669,900 | 93,988 | 2.7 | 38% |
| 2023 | 756,898 | 710,014 | 46,884 | 3.3 | 7% |
In its most recent public year (2023), this organization brought in $46,884 more than it spent. Its reserves stood at about 3.3 months of spending, up from 0 in 2016. Staff pay was 7% 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
New Beginning Of Albany 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