Freedom West Community Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 199,337 | 255,530 | −56,193 | 74.4 | 21% |
| 2021 | 170,657 | 239,497 | −68,840 | 75.9 | 22% |
| 2022 | 185,681 | 250,712 | −65,031 | 69.4 | 25% |
| 2023 | 195,638 | 221,223 | −25,585 | 77.3 | 24% |
In its most recent public year (2023), this organization spent $25,585 more than it brought in. Its reserves stood at about 77.3 months of spending, up from 74.4 in 2020. Staff pay was 24% of spending. $1,022,019 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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