Thomas Lucius Downs Jr & Grace Pate Downs Scholarship Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 303,905 | 240,618 | 63,287 | 302.5 | 10% |
| 2013 | 436,533 | 202,792 | 233,741 | 372.7 | 11% |
| 2014 | 497,220 | 201,955 | 295,265 | 391.8 | 20% |
| 2015 | 474,822 | 127,998 | 346,824 | 650.7 | 41% |
| 2016 | 201,113 | 377,128 | −176,015 | 215.3 | 14% |
| 2017 | 266,799 | 196,864 | 69,935 | 416.6 | 28% |
| 2018 | 490,058 | 293,040 | 197,018 | 288.0 | 21% |
| 2019 | 462,829 | 311,819 | 151,010 | 276.4 | 19% |
| 2020 | 598,660 | 314,013 | 284,647 | 285.4 | 20% |
| 2021 | 342,548 | 335,875 | 6,673 | 267.0 | 24% |
| 2022 | 1,490,350 | 355,147 | 1,135,203 | 290.9 | 19% |
| 2023 | 395,869 | 341,570 | 54,299 | 304.4 | 18% |
| 2024 | 331,524 | 343,795 | −12,271 | 302.0 | 18% |
In its most recent public year (2024), this organization spent $12,271 more than it brought in. Its reserves stood at about 302 months of spending. 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
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