London Downtown Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 71,234 | 49,179 | 22,055 | 13.1 | — |
| 2021 | 100,235 | 71,760 | 28,475 | 13.7 | — |
| 2022 | 110,795 | 119,010 | −8,215 | 7.5 | — |
| 2023 | 81,521 | 104,180 | −22,659 | 5.9 | — |
In its most recent public year (2023), this organization spent $22,659 more than it brought in. Its reserves stood at about 5.9 months of spending, down from 13.1 in 2020.
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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