Cortico Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2016 | 235,027 | 5,337 | 229,690 | 516.4 | 89% |
| 2017 | 1,323,238 | 508,287 | 814,951 | 19.1 | 73% |
| 2018 | 1,713,953 | 1,342,053 | 371,900 | 10.6 | 10% |
| 2019 | 2,453,098 | 2,364,146 | 88,952 | 6.5 | 57% |
| 2020 | 521,424 | 1,812,069 | −1,290,645 | 27.2 | 57% |
| 2021 | 987,674 | 1,768,075 | −780,401 | 22.5 | 51% |
| 2022 | 3,375,561 | 2,220,101 | 1,155,460 | 24.2 | 55% |
| 2023 | 2,494,401 | 4,323,183 | −1,828,782 | 20.6 | 62% |
In its most recent public year (2023), this organization spent $1,828,782 more than it brought in. Its reserves stood at about 20.6 months of spending, down from 516.4 in 2016. Staff pay was 62% of spending. $4,654,461 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
Cortico Corporation'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