1159 South Community Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 84,406 | 29,879 | 54,527 | 22.5 | — |
| 2022 | 336,048 | 325,901 | 10,147 | 2.4 | 24% |
| 2023 | 196,360 | 165,639 | 30,721 | 7.0 | 27% |
In its most recent public year (2023), this organization brought in $30,721 more than it spent. Its reserves stood at about 7 months of spending, down from 22.5 in 2021. Staff pay was 27% of spending. $25,000 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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