Milwaukee Economic Development Corp
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 4,689,021 | 3,456,264 | 1,232,757 | 467.9 | 32% |
| 2021 | 4,507,113 | 17,683,799 | −13,176,686 | 70.2 | 6% |
| 2022 | 4,043,772 | 3,895,449 | 148,323 | 289.9 | 36% |
| 2023 | 5,024,369 | 5,156,100 | −131,731 | 201.5 | 26% |
In its most recent public year (2023), this organization spent $131,731 more than it brought in. Its reserves stood at about 201.5 months of spending, down from 467.9 in 2020. Staff pay was 26% of spending. $10,756,614 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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