Newsed Community Development Corporation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,368,833 | 1,267,970 | 100,863 | 45.0 | 38% |
| 2012 | 2,130,448 | 1,972,100 | 158,348 | 26.6 | 27% |
| 2013 | 2,206,132 | 2,258,395 | −52,263 | 22.7 | 24% |
| 2014 | 1,784,493 | 1,732,817 | 51,676 | 28.9 | 32% |
| 2015 | 1,480,858 | 1,602,286 | −121,428 | 31.1 | 35% |
| 2016 | 3,293,983 | 1,496,078 | 1,797,905 | 46.8 | 32% |
| 2017 | 2,397,442 | 1,618,091 | 779,351 | 46.3 | 39% |
| 2018 | 942,814 | 1,536,748 | −593,934 | 44.1 | 28% |
| 2019 | 1,129,171 | 1,709,247 | −580,076 | 35.5 | 27% |
| 2020 | 733,425 | 1,015,886 | −282,461 | 56.4 | 39% |
| 2021 | 1,627,942 | 1,010,846 | 617,096 | 64.0 | 44% |
| 2022 | 1,188,013 | 1,686,177 | −498,164 | 37.3 | 33% |
| 2023 | 1,523,474 | 1,529,407 | −5,933 | 34.4 | 46% |
In its most recent public year (2023), this organization spent $5,933 more than it brought in. Its reserves stood at about 34.4 months of spending, down from 45 in 2011. Staff pay was 46% of spending. $1,083,100 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
Newsed Community Development Corporation Inc'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