Spartanburg Area Housing Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 220,850 | 248,150 | −27,300 | 17.1 | 2% |
| 2020 | 227,102 | 761,963 | −534,861 | -2.8 | 1% |
| 2021 | 1,429,053 | 1,067,804 | 361,249 | 18.6 | 0% |
| 2022 | 566,868 | 368,887 | 197,981 | 60.4 | 3% |
| 2023 | 230,930 | 590,730 | −359,800 | 74.2 | 2% |
In its most recent public year (2023), this organization spent $359,800 more than it brought in. Its reserves stood at about 74.2 months of spending, up from 17.1 in 2019. Staff pay was 2% 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
Spartanburg Area Housing 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