16 Tech Community Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 53,794,258 | 42,555,455 | 11,238,803 | 17.2 | 3% |
| 2021 | 43,820,376 | 25,202,752 | 18,617,624 | 37.7 | 7% |
| 2022 | 21,301,337 | 9,829,406 | 11,471,931 | 111.9 | 22% |
| 2023 | 32,510,954 | 14,335,262 | 18,175,692 | 91.7 | 19% |
In its most recent public year (2023), this organization brought in $18,175,692 more than it spent. Its reserves stood at about 91.7 months of spending, up from 17.2 in 2020. Staff pay was 19% of spending. $2,518,821 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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