Downtown Billings Bid Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 634,611 | 478,606 | 156,005 | 13.0 | 39% |
| 2020 | 567,380 | 699,641 | −132,261 | 6.6 | 35% |
| 2021 | 678,748 | 595,046 | 83,702 | 9.5 | 33% |
| 2022 | 906,855 | 706,097 | 200,758 | 11.4 | 35% |
| 2023 | 810,008 | 780,142 | 29,866 | 10.8 | 36% |
In its most recent public year (2023), this organization brought in $29,866 more than it spent. Its reserves stood at about 10.8 months of spending, down from 13 in 2019. Staff pay was 36% 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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