Virginia Highlands Small Business Incubator
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 300,619 | 416,109 | −115,490 | 88.9 | 36% |
| 2021 | 387,879 | 400,864 | −12,985 | 91.9 | 38% |
| 2022 | 381,610 | 432,760 | −51,150 | 83.7 | 38% |
| 2023 | 430,604 | 491,533 | −60,929 | 72.2 | 35% |
In its most recent public year (2023), this organization spent $60,929 more than it brought in. Its reserves stood at about 72.2 months of spending, down from 88.9 in 2020. Staff pay was 35% 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
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