Carolina Small Business Development Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 4,207,672 | 3,341,394 | 866,278 | 30.5 | 12% |
| 2012 | 3,384,033 | 2,859,503 | 524,530 | 37.9 | 23% |
| 2013 | 4,350,413 | 3,532,536 | 817,877 | 33.4 | 23% |
| 2014 | 5,052,206 | 2,540,421 | 2,511,785 | 58.4 | 33% |
| 2015 | 2,591,674 | 2,255,028 | 336,646 | 67.5 | 42% |
| 2016 | 5,109,835 | 4,436,619 | 673,216 | 36.1 | 29% |
| 2017 | 7,173,700 | 6,372,908 | 800,792 | 26.7 | 35% |
| 2018 | 6,835,372 | 7,048,155 | −212,783 | 23.8 | 40% |
| 2019 | 8,969,393 | 8,153,430 | 815,963 | 21.7 | 34% |
| 2020 | 5,600,963 | 6,866,306 | −1,265,343 | 23.6 | 37% |
| 2021 | 7,982,393 | 7,169,015 | 813,378 | 24.0 | 26% |
| 2022 | 6,416,650 | 6,271,251 | 145,399 | 27.7 | 35% |
| 2023 | 10,484,327 | 9,336,378 | 1,147,949 | 20.1 | 31% |
In its most recent public year (2023), this organization brought in $1,147,949 more than it spent. Its reserves stood at about 20.1 months of spending, down from 30.5 in 2011. Staff pay was 31% of spending. $1,357,628 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
Carolina Small Business Development Fund'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