Watauga Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 55,665 | 57,442 | −1,777 | -18.5 | — |
| 2013 | 46,967 | 57,930 | −10,963 | -20.7 | — |
| 2014 | 52,457 | 62,276 | −9,819 | -21.1 | — |
| 2015 | 62,401 | 57,612 | 4,789 | -21.8 | — |
| 2016 | 64,109 | 59,748 | 4,361 | -20.2 | — |
| 2017 | 62,891 | 56,149 | 6,742 | -20.0 | — |
| 2018 | 62,528 | 58,291 | 4,237 | -18.4 | — |
| 2019 | 62,049 | 57,081 | 4,968 | 7.9 | — |
| 2020 | 62,146 | 52,990 | 9,156 | -17.0 | — |
| 2021 | 53,644 | 56,087 | −2,443 | -16.6 | — |
| 2022 | 106,947 | 99,501 | 7,446 | -8.5 | — |
| 2023 | 65,150 | 61,945 | 3,205 | -13.0 | — |
| 2024 | 64,302 | 53,324 | 10,978 | -12.6 | — |
In its most recent public year (2024), this organization brought in $10,978 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-12.6 months), up from -18.5 in 2012.
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 2024. 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
Watauga Development Corporation's IRS filings as a feed — one entry per filing year, through 2024. 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