Albemarle Downtown Development Corp
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 144,240 | 160,074 | −15,834 | 62.3 | 52% |
| 2012 | 495,291 | 501,648 | −6,357 | 19.0 | 16% |
| 2013 | 487,840 | 500,472 | −12,632 | 18.7 | 17% |
| 2014 | 509,265 | 486,602 | 22,663 | 19.9 | 16% |
| 2015 | 591,159 | 585,228 | 5,931 | 16.6 | 15% |
| 2016 | 531,943 | 501,456 | 30,487 | 18.8 | 11% |
| 2017 | 428,421 | 442,545 | −14,124 | 20.9 | 0% |
| 2018 | 433,542 | 440,826 | −7,284 | 20.8 | 0% |
| 2019 | 465,150 | 453,587 | 11,563 | 20.5 | 0% |
| 2021 | 436,614 | 469,332 | −32,718 | 18.8 | 0% |
| 2022 | 540,940 | 578,780 | −37,840 | 14.5 | 0% |
| 2023 | 496,480 | 528,089 | −31,609 | 15.2 | 0% |
| 2024 | 463,908 | 459,195 | 4,713 | 17.5 | 0% |
In its most recent public year (2024), this organization brought in $4,713 more than it spent. Its reserves stood at about 17.5 months of spending, down from 62.3 in 2011. Staff pay was 0% 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
Albemarle Downtown Development Corp'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