Downtown Wichita Falls Development Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 59,689 | 59,463 | 226 | 35.9 | — |
| 2013 | 124,023 | 69,445 | 54,578 | 40.2 | — |
| 2014 | 100,162 | 78,858 | 21,304 | 38.6 | — |
| 2015 | 145,198 | 73,897 | 71,301 | 73.1 | 61% |
| 2016 | 147,960 | 89,868 | 58,092 | 67.8 | 53% |
| 2017 | −6,339 | 138,726 | −145,065 | 31.4 | 33% |
| 2018 | 347,789 | 337,359 | 10,430 | 13.3 | 29% |
| 2019 | 371,437 | 317,777 | 53,660 | 16.1 | 33% |
| 2020 | 249,159 | 215,624 | 33,535 | 25.6 | 51% |
| 2021 | 279,339 | 239,023 | 40,316 | 25.1 | 46% |
| 2022 | 321,529 | 340,344 | −18,815 | 12.1 | 23% |
| 2023 | 359,662 | 360,161 | −499 | 11.3 | 32% |
In its most recent public year (2023), this organization spent $499 more than it brought in. Its reserves stood at about 11.3 months of spending, down from 35.9 in 2012. Staff pay was 32% 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
Downtown Wichita Falls Development Inc's IRS filings as a feed — one entry per filing year, through 2023. 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