Downtown South Bend Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 576,563 | 583,109 | −6,546 | 4.5 | 17% |
| 2012 | 1,172,888 | 1,184,777 | −11,889 | 2.1 | 12% |
| 2013 | 1,255,449 | 1,208,095 | 47,354 | 2.5 | 13% |
| 2014 | 1,322,882 | 1,313,283 | 9,599 | 2.4 | 15% |
| 2015 | 1,535,889 | 1,482,735 | 53,154 | 2.6 | 8% |
| 2016 | 1,619,650 | 1,622,573 | −2,923 | 2.2 | 15% |
| 2017 | 1,078,788 | 1,044,921 | 33,867 | 3.8 | 24% |
| 2018 | 1,104,486 | 1,129,048 | −24,562 | 3.3 | 24% |
| 2019 | 1,095,806 | 1,095,214 | 592 | 3.4 | 26% |
| 2020 | 863,408 | 928,671 | −65,263 | 2.5 | 28% |
| 2021 | 654,026 | 557,373 | 96,653 | 6.2 | 24% |
| 2022 | 918,023 | 926,391 | −8,368 | 3.6 | 27% |
| 2023 | 1,303,911 | 1,309,482 | −5,571 | 2.5 | 25% |
In its most recent public year (2023), this organization spent $5,571 more than it brought in. Its reserves stood at about 2.5 months of spending, down from 4.5 in 2011. Staff pay was 25% of spending. $47,625 of its net assets are donor-restricted.
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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