The Development Corporation Of Knox County Tennessee
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,297,204 | 4,040,765 | −2,743,561 | 98.2 | 9% |
| 2012 | 821,134 | 719,395 | 101,739 | 553.5 | 43% |
| 2013 | 2,292,359 | 1,920,261 | 372,098 | 209.7 | 17% |
| 2014 | 792,023 | 766,645 | 25,378 | 525.6 | 44% |
| 2015 | 7,024,019 | 854,802 | 6,169,217 | 558.0 | 50% |
| 2016 | 1,283,657 | 1,597,246 | −313,589 | 296.3 | 23% |
| 2017 | 91,988 | 1,003,396 | −911,408 | 460.7 | 39% |
| 2018 | 3,693,287 | 943,913 | 2,749,374 | 524.7 | 42% |
| 2019 | 1,711,835 | 1,019,153 | 692,682 | 494.1 | 40% |
| 2020 | 1,402,856 | 1,034,917 | 367,939 | 490.9 | 43% |
| 2021 | 1,290,575 | 956,628 | 333,947 | 535.2 | 37% |
| 2022 | 1,693,343 | 1,009,283 | 684,060 | 515.4 | 18% |
| 2023 | 632,758 | 2,119,012 | −1,486,254 | 237.1 | 2% |
In its most recent public year (2023), this organization spent $1,486,254 more than it brought in. Its reserves stood at about 237.1 months of spending, up from 98.2 in 2011. Staff pay was 2% of spending. $115,920 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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