Downtown Lynchburg Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 428,905 | 386,572 | 42,333 | 13.0 | 25% |
| 2011 | 311,918 | 341,618 | −29,700 | 13.7 | 19% |
| 2012 | 289,452 | 349,252 | −59,800 | 11.3 | 12% |
| 2013 | 355,082 | 308,474 | 46,608 | 14.6 | 12% |
| 2014 | 214,495 | 231,304 | −16,809 | 18.7 | 11% |
| 2015 | 168,418 | 185,736 | −17,318 | 22.1 | 16% |
| 2016 | 87,406 | 227,172 | −139,766 | 17.2 | 21% |
| 2017 | 314,684 | 334,625 | −19,941 | 11.0 | 32% |
| 2018 | 286,669 | 297,817 | −11,148 | 11.9 | 40% |
| 2019 | 347,702 | 347,444 | 258 | 10.2 | 43% |
| 2020 | 290,475 | 331,172 | −40,697 | 9.2 | 55% |
| 2021 | 425,819 | 426,553 | −734 | 7.2 | 45% |
| 2022 | 473,855 | 448,041 | 25,814 | 7.5 | 51% |
| 2023 | 743,786 | 669,550 | 74,236 | 6.3 | 49% |
In its most recent public year (2023), this organization brought in $74,236 more than it spent. Its reserves stood at about 6.3 months of spending, down from 13 in 2010. Staff pay was 49% of spending. $69,123 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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