Greater Newark Tourism Improvement District Management Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2013 | 468,671 | 689,181 | −220,510 | -3.8 | 42% |
| 2014 | 1,672,647 | 959,504 | 713,143 | 6.2 | 38% |
| 2015 | 1,806,173 | 1,010,796 | 795,377 | 15.3 | 38% |
| 2016 | 2,033,975 | 1,933,522 | 100,453 | 8.6 | 32% |
| 2017 | 1,906,218 | 1,483,119 | 423,099 | 14.7 | 42% |
| 2018 | 2,171,739 | 1,941,664 | 230,075 | 12.6 | 35% |
| 2019 | 2,110,205 | 2,290,985 | −180,780 | 9.7 | 37% |
| 2020 | 755,924 | 1,501,949 | −746,025 | 9.0 | 38% |
| 2021 | 1,241,066 | 1,612,732 | −371,666 | 5.6 | 36% |
| 2022 | 2,669,312 | 1,986,603 | 682,709 | 8.7 | 29% |
| 2023 | 2,208,555 | 1,911,512 | 297,043 | 10.6 | 32% |
In its most recent public year (2023), this organization brought in $297,043 more than it spent. Its reserves stood at about 10.6 months of spending, up from -3.8 in 2013. Staff pay was 32% 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 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
Greater Newark Tourism Improvement District Management Corporation's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works