Downtown Smithfield Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 180,166 | 173,466 | 6,700 | 2.9 | 38% |
| 2014 | 175,071 | 107,265 | 67,806 | 12.2 | 44% |
| 2015 | 166,989 | 115,070 | 51,919 | 16.8 | 32% |
| 2016 | 148,603 | 124,475 | 24,128 | 17.8 | 32% |
| 2017 | 121,788 | 152,095 | −30,307 | 12.2 | 30% |
| 2018 | 165,873 | 129,469 | 36,404 | 17.7 | 36% |
| 2019 | 139,972 | 166,251 | −26,279 | 11.9 | 29% |
| 2020 | 158,089 | 147,400 | 10,689 | 14.3 | 35% |
| 2021 | 146,655 | 156,604 | −9,949 | 12.7 | 34% |
| 2022 | 166,617 | 138,360 | 28,257 | 16.8 | 34% |
| 2023 | 169,018 | 179,331 | −10,313 | 12.3 | 25% |
| 2024 | 213,329 | 175,429 | 37,900 | 15.1 | 18% |
In its most recent public year (2024), this organization brought in $37,900 more than it spent. Its reserves stood at about 15.1 months of spending, up from 2.9 in 2012. Staff pay was 18% 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 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
Downtown Smithfield Development Corporation's IRS filings as a feed — one entry per filing year, through 2024. 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