Downtown Middletown Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 17,975 | 5,158 | 12,817 | 29.8 | — |
| 2012 | 102,603 | 72,390 | 30,213 | 7.1 | — |
| 2013 | 65,230 | 64,690 | 540 | 8.1 | — |
| 2014 | 36,376 | 42,085 | −5,709 | 10.8 | — |
| 2015 | 43,182 | 33,573 | 9,609 | 17.0 | — |
| 2016 | 75,910 | 72,084 | 3,826 | 8.5 | — |
| 2017 | 56,678 | 62,507 | −5,829 | 8.7 | — |
| 2018 | 91,300 | 80,865 | 10,435 | 8.3 | — |
| 2019 | 90,060 | 95,669 | −5,609 | 6.3 | — |
| 2020 | 120,821 | 106,426 | 14,395 | 7.3 | — |
| 2021 | 255,441 | 235,209 | 20,232 | 4.3 | 18% |
| 2022 | 341,422 | 288,545 | 52,877 | 5.7 | 16% |
| 2023 | 258,111 | 335,037 | −76,926 | 2.2 | 15% |
In its most recent public year (2023), this organization spent $76,926 more than it brought in. Its reserves stood at about 2.2 months of spending, down from 29.8 in 2011. Staff pay was 15% of spending. $24,100 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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