Choanoke Area Development Assoc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 14,523,716 | 14,012,032 | 511,684 | 1.9 | 37% |
| 2012 | 11,155,469 | 12,196,949 | −1,041,480 | 1.2 | 40% |
| 2013 | 10,708,348 | 10,835,467 | −127,119 | 1.2 | 39% |
| 2014 | 9,898,888 | 9,973,323 | −74,435 | 1.2 | 42% |
| 2015 | 9,943,713 | 9,969,282 | −25,569 | 1.2 | 44% |
| 2016 | 10,609,732 | 10,545,876 | 63,856 | 2.0 | 40% |
| 2017 | 11,213,714 | 11,214,085 | −371 | 1.9 | 41% |
| 2018 | 10,797,585 | 10,942,915 | −145,330 | 1.8 | 41% |
| 2019 | 10,081,161 | 10,466,744 | −385,583 | 1.4 | 38% |
| 2020 | 9,938,754 | 10,199,709 | −260,955 | 2.0 | 42% |
| 2021 | 10,393,050 | 10,360,426 | 32,624 | 1.2 | 43% |
| 2022 | 10,029,317 | 10,100,985 | −71,668 | 1.1 | 43% |
| 2023 | 10,178,158 | 10,723,052 | −544,894 | 0.4 | 42% |
In its most recent public year (2023), this organization spent $544,894 more than it brought in. Its reserves stood at about 0.4 months of spending, down from 1.9 in 2011. Staff pay was 42% of spending. $181,691 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
Choanoke Area Development Assoc'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