Friends Of Downtown Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2014 | 15,167 | 7,434 | 7,733 | 79.4 | — |
| 2015 | 43,383 | 13,052 | 30,331 | 73.1 | — |
| 2016 | 48,293 | 24,600 | 23,693 | 35.5 | — |
| 2017 | 45,510 | 29,242 | 16,268 | 36.6 | — |
| 2018 | 28,944 | 59,213 | −30,269 | 11.9 | — |
| 2019 | 41,923 | 51,688 | −9,765 | 8.5 | — |
| 2020 | 14,067 | 15,185 | −1,118 | 28.2 | — |
| 2021 | 24,850 | 8,711 | 16,139 | 71.3 | — |
| 2022 | 43,873 | 32,134 | 11,739 | 23.7 | — |
| 2023 | 22,954 | 32,606 | −9,652 | 21.5 | — |
In its most recent public year (2023), this organization spent $9,652 more than it brought in. Its reserves stood at about 21.5 months of spending, down from 79.4 in 2014.
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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