Founders First Community Development Corporation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2017 | 124,866 | 58,185 | 66,681 | 14.1 | — |
| 2018 | 154,215 | 206,347 | −52,132 | 0.9 | — |
| 2019 | 643,806 | 139,707 | 504,099 | 44.7 | 0% |
| 2020 | 316,598 | 323,350 | −6,752 | 19.1 | 2% |
| 2021 | 1,524,147 | 1,066,878 | 457,269 | 7.1 | 7% |
| 2022 | 3,075,120 | 2,809,172 | 265,948 | 2.9 | 6% |
| 2023 | 4,463,178 | 5,631,735 | −1,168,557 | -1.0 | 4% |
In its most recent public year (2023), this organization spent $1,168,557 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-1 months), down from 14.1 in 2017. Staff pay was 4% of spending. $2,451,520 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
Founders First 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