Freeport Community Development Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2017 | 0 | 0 | 0 | — | — |
| 2018 | 250,830 | 217,531 | 33,299 | 1.8 | 0% |
| 2019 | 96,761 | 124,862 | −28,101 | 0.5 | 24% |
| 2020 | 673,089 | 115,322 | 557,767 | 58.6 | 23% |
| 2021 | 126,845 | 124,604 | 2,241 | 54.4 | 12% |
| 2022 | 75,000 | 155,602 | −80,602 | 37.4 | 10% |
| 2023 | 70,000 | 183,864 | −113,864 | 24.2 | 8% |
In its most recent public year (2023), this organization spent $113,864 more than it brought in. Its reserves stood at about 24.2 months of spending. Staff pay was 8% of spending.
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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