Abundant Life Community Development Corporation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 1,937,668 | 1,693,591 | 244,077 | 1.6 | 0% |
| 2011 | 1,757,127 | 53,425 | 1,703,702 | 434.1 | 0% |
| 2012 | 40,324 | 574,356 | −534,032 | 29.8 | 15% |
| 2013 | 211,187 | 599,117 | −387,930 | 21.5 | 15% |
| 2014 | 139,767 | 508,128 | −368,361 | 17.5 | 40% |
| 2015 | 211,779 | 585,323 | −373,544 | 14.9 | 19% |
| 2016 | 212,678 | 557,773 | −345,095 | 9.2 | 23% |
| 2017 | 206,285 | 598,034 | −391,749 | 1.1 | 24% |
| 2018 | 195,314 | 553,732 | −358,418 | -5.6 | 39% |
| 2022 | 265,197 | 627,242 | −362,045 | -32.9 | 52% |
In its most recent public year (2022), this organization spent $362,045 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-32.9 months), down from 1.6 in 2010. Staff pay was 52% 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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