City Of Florence Public Facilities Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 371,760 | 206,808 | 164,952 | 9.6 | 0% |
| 2019 | 761,088 | 2,453,831 | −1,692,743 | -7.5 | 0% |
| 2020 | 607,066 | 1,093,247 | −486,181 | -22.1 | 0% |
| 2021 | 913,401 | 5,962,564 | −5,049,163 | -14.2 | 0% |
| 2022 | 2,366,985 | 17,143,018 | −14,776,033 | -15.3 | 0% |
| 2023 | 2,312,137 | 3,709,402 | −1,397,265 | -75.5 | 0% |
In its most recent public year (2023), this organization spent $1,397,265 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-75.5 months), down from 9.6 in 2018. Staff pay was 0% 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
City Of Florence Public Facilities 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