Towerside Innovation District
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2017 | 411,306 | 402,752 | 8,554 | 0.3 | 0% |
| 2018 | 627,198 | 568,359 | 58,839 | 1.4 | 13% |
| 2020 | 67,974 | 148,297 | −80,323 | 1.7 | — |
| 2021 | 1,215,990 | 187,317 | 1,028,673 | 65.9 | 4% |
| 2022 | 78,630 | 63,910 | 14,720 | 18.3 | 0% |
| 2023 | 57,753 | 99,953 | −42,200 | 6.6 | 0% |
In its most recent public year (2023), this organization spent $42,200 more than it brought in. Its reserves stood at about 6.6 months of spending, up from 0.3 in 2017. Staff pay was 0% of spending. $15,902 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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