Federation Towers Clarksdale
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 624,466 | 591,923 | 32,543 | -13.5 | 14% |
| 2021 | 636,908 | 590,798 | 46,110 | -12.6 | 12% |
| 2022 | 647,268 | 656,310 | −9,042 | -11.5 | 13% |
| 2023 | 655,946 | 610,247 | 45,699 | -11.4 | 14% |
In its most recent public year (2023), this organization brought in $45,699 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-11.4 months), up from -13.5 in 2020. Staff pay was 14% 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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