City Of Spartanburg Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 162,448 | 129,160 | 33,288 | 472.4 | 0% |
| 2013 | 286,516 | 259,292 | 27,224 | 236.6 | 0% |
| 2014 | 197,650 | 129,663 | 67,987 | 479.4 | 0% |
| 2015 | 190,486 | 151,149 | 39,337 | 414.4 | 0% |
| 2016 | 565,674 | 4,810,139 | −4,244,465 | 2.4 | 0% |
| 2017 | 164,023 | 164,737 | −714 | 71.0 | 0% |
| 2018 | 142,971 | 112,840 | 30,131 | 106.8 | 0% |
| 2019 | 287,510 | 175,340 | 112,170 | 72.7 | 0% |
| 2020 | 10,959,213 | 782,553 | 10,176,660 | 172.3 | 0% |
| 2021 | 117,997 | 132,572 | −14,575 | 1015.6 | 0% |
| 2022 | 700,863 | 798,936 | −98,073 | 167.2 | 0% |
| 2023 | 155,739 | 155,797 | −58 | 864.4 | 0% |
In its most recent public year (2023), this organization spent $58 more than it brought in. Its reserves stood at about 864.4 months of spending, up from 472.4 in 2012. Staff pay was 0% of spending. $11,079,325 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
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