Twin City Development Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 316,046 | 456,991 | −140,945 | 220.2 | 15% |
| 2012 | 357,836 | 353,680 | 4,156 | 300.6 | 24% |
| 2013 | 602,468 | 290,373 | 312,095 | 412.0 | 30% |
| 2014 | 882,647 | 393,367 | 489,280 | 312.6 | 22% |
| 2015 | 345,221 | 364,374 | −19,153 | 316.2 | 24% |
| 2016 | 327,863 | 540,586 | −212,723 | 221.7 | 13% |
| 2017 | 915,467 | 857,587 | 57,880 | 145.4 | 8% |
| 2018 | 257,478 | 643,644 | −386,166 | 165.0 | 10% |
| 2019 | 1,376,813 | 615,410 | 761,403 | 226.6 | 5% |
| 2020 | 2,506,722 | 242,582 | 2,264,140 | 731.6 | 12% |
| 2021 | 628,620 | 659,219 | −30,599 | 303.2 | 4% |
| 2022 | −115,486 | 444,505 | −559,991 | 367.5 | 5% |
| 2023 | 1,097,592 | 713,314 | 384,278 | 251.3 | 5% |
In its most recent public year (2023), this organization brought in $384,278 more than it spent. Its reserves stood at about 251.3 months of spending, up from 220.2 in 2011. Staff pay was 5% 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
Twin City Development Foundation's IRS filings as a feed — one entry per filing year, through 2023. 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