South Iredell Community Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 184,993 | 64,612 | 120,381 | 557.7 | 0% |
| 2012 | 3,150 | 55,127 | −51,977 | 642.4 | 0% |
| 2013 | 10,808 | 118,914 | −108,106 | 286.9 | 0% |
| 2014 | 10,149 | 96,357 | −86,208 | 343.3 | 0% |
| 2015 | 53,545 | 160,538 | −106,993 | 198.1 | 0% |
| 2016 | 284,080 | 163,591 | 120,489 | 203.2 | 0% |
| 2017 | 3,415 | 186,969 | −183,554 | 166.0 | 0% |
| 2018 | 1,866,757 | 414,390 | 1,452,367 | 117.0 | 0% |
| 2019 | 1,066,307 | 163,284 | 903,023 | 363.2 | 0% |
| 2020 | 564,056 | 165,275 | 398,781 | 387.8 | 0% |
| 2021 | 542,015 | 154,320 | 387,695 | 445.5 | 0% |
| 2022 | 7,471 | 134,580 | −127,109 | 499.5 | 0% |
| 2023 | 85,341 | 160,989 | −75,648 | 411.9 | 0% |
In its most recent public year (2023), this organization spent $75,648 more than it brought in. Its reserves stood at about 411.9 months of spending, down from 557.7 in 2011. Staff pay was 0% 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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