Iowa City Downtown Self Supported Municipal Improvement District
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 153,222 | 145,383 | 7,839 | 2.3 | — |
| 2012 | 114,406 | 81,335 | 33,071 | 9.0 | — |
| 2013 | 503,977 | 470,978 | 32,999 | 2.4 | 21% |
| 2014 | 604,424 | 517,040 | 87,384 | 4.2 | 25% |
| 2015 | 657,037 | 681,489 | −24,452 | 2.8 | 20% |
| 2017 | 958,970 | 912,486 | 46,484 | 2.6 | 23% |
| 2018 | 1,111,889 | 1,064,000 | 47,889 | 2.8 | 25% |
| 2019 | 1,106,492 | 1,093,127 | 13,365 | 2.9 | 25% |
| 2020 | 1,098,600 | 1,147,677 | −49,077 | 2.2 | 30% |
| 2021 | 1,258,773 | 1,219,828 | 38,945 | 2.5 | 23% |
| 2022 | 1,321,560 | 1,359,223 | −37,663 | 1.9 | 23% |
| 2023 | 1,420,051 | 1,388,859 | 31,192 | 2.1 | 25% |
| 2024 | 1,498,785 | 1,792,888 | −294,103 | -0.3 | 17% |
In its most recent public year (2024), this organization spent $294,103 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-0.3 months), down from 2.3 in 2011. Staff pay was 17% 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 2024. 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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