Mount Olive Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 1,417,331 | 1,231,685 | 185,646 | 7.1 | 9% |
| 2011 | 1,137,237 | 1,058,434 | 78,803 | 7.2 | 8% |
| 2012 | 889,829 | 996,977 | −107,148 | 6.4 | 6% |
| 2013 | 1,093,647 | 1,010,277 | 83,370 | 6.9 | 6% |
| 2014 | 948,222 | 941,420 | 6,802 | 5.9 | 44% |
| 2015 | 1,028,224 | 683,004 | 345,220 | 25.1 | 49% |
| 2016 | 868,886 | 700,460 | 168,426 | 29.3 | 33% |
| 2017 | 977,028 | 833,789 | 143,239 | 19.4 | 44% |
| 2018 | 806,656 | 898,740 | −92,084 | 22.4 | 16% |
| 2019 | 755,007 | 925,680 | −170,673 | 14.0 | 52% |
| 2020 | 855,154 | 857,060 | −1,906 | 15.1 | 60% |
| 2021 | 871,125 | 892,146 | −21,021 | 14.2 | 52% |
| 2022 | 873,131 | 880,045 | −6,914 | 15.4 | 52% |
| 2023 | 859,812 | 864,297 | −4,485 | 15.6 | 47% |
In its most recent public year (2023), this organization spent $4,485 more than it brought in. Its reserves stood at about 15.6 months of spending, up from 7.1 in 2010. Staff pay was 47% of spending. $324,766 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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