Asheville Downtown Association Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 6,042 | 6,000 | 42 | 12.4 | — |
| 2012 | 25,311 | 2,500 | 22,811 | 139.2 | — |
| 2013 | 58,306 | 16,730 | 41,576 | 50.6 | — |
| 2014 | 80,573 | 144,959 | −64,386 | 0.5 | — |
| 2015 | 36,007 | 24,525 | 11,482 | 8.7 | — |
| 2016 | 56,332 | 65,361 | −9,029 | 1.6 | — |
| 2017 | 55,552 | 32,145 | 23,407 | 12.0 | — |
| 2018 | 37,515 | 20,200 | 17,315 | 29.3 | — |
| 2019 | 27,509 | 34,738 | −7,229 | 14.6 | — |
| 2020 | 7,006 | 28,521 | −21,515 | 8.7 | — |
| 2021 | 2,503 | 13,500 | −10,997 | 8.6 | — |
| 2022 | 20,408 | 9,577 | 10,831 | 25.6 | — |
| 2023 | 8,003 | 21,205 | −13,202 | 4.1 | — |
In its most recent public year (2023), this organization spent $13,202 more than it brought in. Its reserves stood at about 4.1 months of spending, down from 12.4 in 2011.
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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