Fuquay Varina Community Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 5,633 | 2,341 | 3,292 | 20887.9 | 0% |
| 2021 | 9,175 | 5,510 | 3,665 | 8873.4 | 0% |
| 2022 | 4,559 | 6,559 | −2,000 | 7450.6 | 0% |
| 2023 | 1,284 | 4,560 | −3,276 | 10708.2 | 0% |
In its most recent public year (2023), this organization spent $3,276 more than it brought in. Its reserves stood at about 10708.2 months of spending, down from 20887.9 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 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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