Colorado Business Development Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2016 | 161,005 | 56,876 | 104,129 | 22.0 | — |
| 2017 | 408,586 | 189,228 | 219,358 | 20.5 | 7% |
| 2018 | 470,984 | 371,150 | 99,834 | 13.7 | 3% |
| 2019 | 308,630 | 380,729 | −72,099 | 9.4 | 6% |
| 2020 | 39,501 | 139,354 | −99,853 | 17.1 | — |
| 2021 | 120,875 | 60,808 | 60,067 | 51.1 | — |
| 2022 | 52,546 | 146,759 | −94,213 | 13.2 | — |
In its most recent public year (2022), this organization spent $94,213 more than it brought in. Its reserves stood at about 13.2 months of spending, down from 22 in 2016.
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 2022. 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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