Downtown Austin Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 128,874 | 58,609 | 70,265 | 63.7 | — |
| 2022 | 140,557 | 51,582 | 88,975 | 93.1 | — |
| 2023 | 430,787 | 139,140 | 291,647 | 59.7 | 0% |
In its most recent public year (2023), this organization brought in $291,647 more than it spent. Its reserves stood at about 59.7 months of spending, down from 63.7 in 2021. Staff pay was 0% of spending. $269,965 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 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
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