Newark Downtown District Management Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 2,110,122 | 2,825,830 | −715,708 | 1.4 | 7% |
| 2012 | 2,193,815 | 2,481,283 | −287,468 | 0.2 | 12% |
| 2013 | 2,882,567 | 3,224,420 | −341,853 | -1.2 | 11% |
| 2014 | 3,580,015 | 3,556,118 | 23,897 | -1.0 | 9% |
| 2015 | 3,940,218 | 4,522,142 | −581,924 | -2.3 | 10% |
| 2016 | 4,185,715 | 4,616,876 | −431,161 | -3.4 | 14% |
| 2017 | 4,269,829 | 4,041,313 | 228,516 | -3.2 | 16% |
| 2018 | 5,121,367 | 4,774,752 | 346,615 | -1.8 | 13% |
| 2019 | 5,507,369 | 5,095,309 | 412,060 | -0.7 | 16% |
| 2020 | 5,094,718 | 4,744,255 | 350,463 | 0.1 | 16% |
| 2021 | 5,205,083 | 5,213,278 | −8,195 | 0.1 | 18% |
| 2022 | 5,077,121 | 5,127,626 | −50,505 | -0.0 | 18% |
| 2023 | 8,541,889 | 6,551,017 | 1,990,872 | 3.6 | 15% |
In its most recent public year (2023), this organization brought in $1,990,872 more than it spent. Its reserves stood at about 3.6 months of spending, up from 1.4 in 2011. Staff pay was 15% 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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