Downtown Toledo Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,314,768 | 1,159,882 | 154,886 | 8.3 | 27% |
| 2021 | 1,327,098 | 1,253,705 | 73,393 | 8.4 | 26% |
| 2022 | 1,466,508 | 1,147,506 | 319,002 | 12.5 | 24% |
| 2023 | 1,451,269 | 1,263,472 | 187,797 | 13.3 | 21% |
In its most recent public year (2023), this organization brought in $187,797 more than it spent. Its reserves stood at about 13.3 months of spending, up from 8.3 in 2020. Staff pay was 21% 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 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
A new entry when its next filing is released. No account, no email; works in any feed reader, Slack, or automation tool. How following works