Downtown New Bedford Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 98,756 | 97,796 | 960 | 0.3 | 63% |
| 2012 | 100,658 | 99,390 | 1,268 | 0.5 | 62% |
| 2013 | 97,001 | 98,628 | −1,627 | 0.3 | 62% |
| 2014 | 159,111 | 134,039 | 25,072 | 2.5 | 46% |
| 2015 | 160,942 | 163,363 | −2,421 | 1.8 | 37% |
| 2016 | 64,192 | 74,823 | −10,631 | 2.3 | 52% |
| 2017 | 14,184 | 20,845 | −6,661 | 4.5 | 0% |
| 2018 | 28,334 | 29,030 | −696 | 2.9 | — |
| 2019 | 30,827 | 31,459 | −632 | 2.4 | — |
| 2020 | 19,288 | 18,215 | 1,073 | 4.9 | — |
| 2021 | 29,015 | 19,308 | 9,707 | 10.7 | — |
| 2022 | 23,816 | 30,629 | −6,813 | 4.1 | — |
| 2023 | 43,946 | 56,717 | −12,771 | -0.5 | — |
In its most recent public year (2023), this organization spent $12,771 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-0.5 months).
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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