Grand Forks Downtown Development Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2015 | 226,188 | 190,740 | 35,448 | 7.0 | 37% |
| 2016 | 318,166 | 256,690 | 61,476 | 8.0 | 27% |
| 2017 | 268,376 | 255,570 | 12,806 | 8.7 | 29% |
| 2018 | 247,052 | 268,156 | −21,104 | 7.3 | 31% |
| 2019 | 260,459 | 305,186 | −44,727 | 4.7 | 34% |
| 2020 | 223,889 | 228,616 | −4,727 | 5.0 | 49% |
| 2021 | 298,256 | 264,460 | 33,796 | 5.6 | 53% |
| 2022 | 349,641 | 352,663 | −3,022 | 4.1 | 51% |
| 2023 | 406,744 | 406,008 | 736 | 3.6 | 47% |
In its most recent public year (2023), this organization brought in $736 more than it spent. Its reserves stood at about 3.6 months of spending, down from 7 in 2015. Staff pay was 47% 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
Grand Forks Downtown Development Association'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