Butte Local Development Corporation
| Year | Money in | Money out | Result | Reserve mo. | Staffing |
|---|---|---|---|---|---|
| 2020 | $642,691 | $559,477 | $83,214 | 100.2 | 38% |
| 2021 | $2,153,341 | $591,948 | $1,561,393 | 126.4 | 38% |
| 2022 | $2,363,006 | $696,062 | $1,666,944 | 136.2 | 30% |
| 2023 | $123,291 | $517,617 | −$394,326 | 180.1 | 48% |
In its most recent public year (2023), this organization spent $394,326 more than it brought in. Its reserves stood at about 180.1 months of spending, up from 100.2 in 2020. Staff pay was 48% of spending. $7,193,254 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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