Williamsburg County Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 453,386 | 527,987 | −74,601 | 155.6 | 0% |
| 2021 | 584,222 | 987,409 | −403,187 | 78.4 | 0% |
| 2022 | 426,372 | 620,392 | −194,020 | 121.0 | 0% |
In its most recent public year (2022), this organization spent $194,020 more than it brought in. Its reserves stood at about 121 months of spending, down from 155.6 in 2020. 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 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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