Smc Development Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 178,162 | 8,000 | 170,162 | 255.2 | 0% |
| 2020 | 16,388,327 | 1,833,968 | 14,554,359 | 89.0 | 0% |
| 2021 | 755,645 | 1,605,407 | −849,762 | 95.3 | 0% |
| 2022 | 1,128,608 | 2,015,589 | −886,981 | 70.6 | 0% |
| 2023 | 910,356 | 2,374,929 | −1,464,573 | 52.5 | 0% |
In its most recent public year (2023), this organization spent $1,464,573 more than it brought in. Its reserves stood at about 52.5 months of spending, down from 255.2 in 2019. 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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