Solid Rock Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 325,034 | 260,092 | 64,942 | 137.5 | 21% |
| 2021 | 363,702 | 266,506 | 97,196 | 138.5 | 5% |
| 2022 | 329,663 | 237,817 | 91,846 | 159.9 | 7% |
| 2023 | 314,460 | 178,832 | 135,628 | 205.3 | 9% |
In its most recent public year (2023), this organization brought in $135,628 more than it spent. Its reserves stood at about 205.3 months of spending, up from 137.5 in 2020. Staff pay was 9% 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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