Downtown Chattanooga Business Improvement District Board
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 976,900 | 474,437 | 502,463 | 12.4 | 17% |
| 2021 | 928,544 | 1,027,581 | −99,037 | 2.9 | 10% |
| 2022 | 1,079,150 | 513,152 | 565,998 | 18.9 | 11% |
| 2023 | 879,825 | 1,030,347 | −150,522 | 7.7 | 10% |
In its most recent public year (2023), this organization spent $150,522 more than it brought in. Its reserves stood at about 7.7 months of spending, down from 12.4 in 2020. Staff pay was 10% 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
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