Kingston City Land Bank
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 823,599 | 571,858 | 251,741 | 5.3 | 80% |
| 2021 | 1,653,558 | 407,950 | 1,245,608 | 44.1 | 68% |
| 2022 | 1,455,506 | 494,900 | 960,606 | 59.6 | 30% |
| 2023 | 1,142,198 | 645,629 | 496,569 | 54.9 | 29% |
In its most recent public year (2023), this organization brought in $496,569 more than it spent. Its reserves stood at about 54.9 months of spending, up from 5.3 in 2020. Staff pay was 29% of spending. $462,708 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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