Covina Development Center
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,069,477 | 1,125,029 | −55,552 | 4.6 | 64% |
| 2021 | 974,205 | 980,073 | −5,868 | 4.2 | 62% |
| 2022 | 1,329,377 | 1,185,410 | 143,967 | 5.0 | 62% |
| 2023 | 1,672,747 | 1,488,877 | 183,870 | 5.7 | 61% |
In its most recent public year (2023), this organization brought in $183,870 more than it spent. Its reserves stood at about 5.7 months of spending, up from 4.6 in 2020. Staff pay was 61% 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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