Downtown Development Committee Nonprofit Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,458,918 | 0 | 1,458,918 | — | — |
| 2021 | 1,480,564 | 60,874 | 1,419,690 | 567.5 | 0% |
| 2022 | 1,566,910 | 126,705 | 1,440,205 | 409.0 | 0% |
| 2023 | 1,690,616 | 107,982 | 1,582,634 | 655.8 | 0% |
In its most recent public year (2023), this organization brought in $1,582,634 more than it spent. Its reserves stood at about 655.8 months of spending. Staff pay was 0% 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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