Southside First Economic Development Council
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2022 | 325,000 | 185,950 | 139,050 | 9.0 | 59% |
| 2023 | 240,099 | 345,706 | −105,607 | 1.2 | 70% |
In its most recent public year (2023), this organization spent $105,607 more than it brought in. Its reserves stood at about 1.2 months of spending, down from 9 in 2022. Staff pay was 70% 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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