Danville Foundation For Industrial Growth
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 33,945 | 26,107 | 7,838 | 33.5 | 0% |
| 2022 | 45,976 | 27,407 | 18,569 | 40.0 | 0% |
| 2023 | 109,124 | 40,682 | 68,442 | 47.1 | 0% |
In its most recent public year (2023), this organization brought in $68,442 more than it spent. Its reserves stood at about 47.1 months of spending, up from 33.5 in 2021. Staff pay was 0% of spending. $8,000 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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