Madison Park Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 9,046,088 | 10,528,881 | −1,482,793 | 16.7 | 28% |
| 2021 | 12,337,860 | 7,862,081 | 4,475,779 | 28.9 | 37% |
| 2022 | 4,984,841 | 7,547,553 | −2,562,712 | 25.0 | 39% |
| 2023 | 5,036,732 | 7,966,807 | −2,930,075 | 19.8 | 42% |
In its most recent public year (2023), this organization spent $2,930,075 more than it brought in. Its reserves stood at about 19.8 months of spending, up from 16.7 in 2020. Staff pay was 42% of spending. $145,141 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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