Downtown Norfolk Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 106,930 | 103,890 | 3,040 | 0.5 | — |
| 2013 | 5,875 | 25,370 | −19,495 | -7.1 | — |
| 2014 | 37,500 | 40,436 | −2,936 | -5.3 | — |
| 2015 | 91,300 | 6,150 | 85,150 | 131.0 | — |
| 2016 | 65,663 | 43,839 | 21,824 | 24.3 | — |
| 2017 | 29,261 | 28,511 | 750 | 37.8 | — |
| 2018 | 70,300 | 105,201 | −34,901 | 6.3 | — |
| 2019 | 38,909 | 44,307 | −5,398 | 13.4 | — |
| 2020 | 24,055 | 26,661 | −2,606 | 21.1 | — |
| 2021 | 3,765 | 16,825 | −13,060 | 24.1 | — |
| 2022 | 10,821 | 10,867 | −46 | 37.2 | — |
| 2023 | 105,560 | 16,170 | 89,390 | 91.3 | — |
| 2024 | 6,533 | 21,338 | −14,805 | 60.9 | — |
In its most recent public year (2024), this organization spent $14,805 more than it brought in. Its reserves stood at about 60.9 months of spending, up from 0.5 in 2012.
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 2024. 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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