Downtown Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 67,423 | 54,214 | 13,209 | 63.4 | — |
| 2021 | 115,543 | 66,417 | 49,126 | 60.6 | — |
| 2022 | 125,098 | 119,376 | 5,722 | 34.3 | — |
| 2023 | 50,277 | 98,869 | −48,592 | 35.5 | — |
In its most recent public year (2023), this organization spent $48,592 more than it brought in. Its reserves stood at about 35.5 months of spending, down from 63.4 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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