Carmel Midtown Community Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 18,762,149 | 4,150,672 | 14,611,477 | 43.9 | 0% |
| 2022 | 330,764 | 245,000 | 85,764 | 747.1 | 0% |
| 2023 | 481,399 | 539,981 | −58,582 | 337.7 | 0% |
In its most recent public year (2023), this organization spent $58,582 more than it brought in. Its reserves stood at about 337.7 months of spending, up from 43.9 in 2021. 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
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