Burlington West Burlington Area Development Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 280,650 | 332,115 | −51,465 | 2.0 | 0% |
| 2012 | 310,100 | 288,489 | 21,611 | 3.2 | 0% |
| 2013 | 2,024,783 | 454,874 | 1,569,909 | 43.4 | 0% |
| 2014 | 199,975 | 332,995 | −133,020 | 54.5 | 0% |
| 2015 | 1,217 | 359,123 | −357,906 | 38.6 | 0% |
| 2016 | 5,812 | 315,132 | −309,320 | 32.2 | 0% |
| 2017 | 1,257 | 414,142 | −412,885 | 12.6 | — |
| 2018 | 404,584 | 466,158 | −61,574 | 9.6 | 0% |
| 2019 | 1,231,161 | 216,954 | 1,014,207 | 76.7 | 0% |
| 2020 | 62,288 | 354,098 | −291,810 | 37.1 | 0% |
| 2021 | 288,790 | 380,137 | −91,347 | 31.7 | 0% |
| 2022 | 124,802 | 612,636 | −487,834 | 10.1 | 0% |
| 2023 | 1,562,938 | 608,800 | 954,138 | 29.0 | 0% |
In its most recent public year (2023), this organization brought in $954,138 more than it spent. Its reserves stood at about 29 months of spending, up from 2 in 2011. Staff pay was 0% of spending. $1,468,787 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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