Reid Community Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 124,365 | 139,152 | −14,787 | 54.6 | 27% |
| 2021 | 182,478 | 97,078 | 85,400 | 88.8 | 23% |
| 2022 | 268,738 | 176,275 | 92,463 | 55.2 | 40% |
In its most recent public year (2022), this organization brought in $92,463 more than it spent. Its reserves stood at about 55.2 months of spending. Staff pay was 40% of spending. $450,000 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 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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