Downtown Asheboro Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 83,333 | 73,540 | 9,793 | 1.6 | — |
| 2022 | 265,881 | 205,921 | 59,960 | 4.1 | 29% |
| 2023 | 297,229 | 265,863 | 31,366 | 4.6 | 15% |
| 2024 | 818,888 | 317,333 | 501,555 | 22.8 | 23% |
In its most recent public year (2024), this organization brought in $501,555 more than it spent. Its reserves stood at about 22.8 months of spending, up from 1.6 in 2021. Staff pay was 23% 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 2024. 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 Asheboro Inc's IRS filings as a feed — one entry per filing year, through 2024. 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