Downtown Winston-Salem Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 509,811 | 60,370 | 449,441 | 368.2 | 0% |
| 2022 | 63,556 | 410,657 | −347,101 | 44.0 | 0% |
| 2023 | 387,806 | 216,671 | 171,135 | 92.8 | 0% |
| 2024 | 35,907 | 81,184 | −45,277 | 240.9 | 0% |
In its most recent public year (2024), this organization spent $45,277 more than it brought in. Its reserves stood at about 240.9 months of spending, down from 368.2 in 2021. Staff pay was 0% of spending. $1,153,663 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 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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