Michigan City Economic Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 370,284 | 354,095 | 16,189 | 14.0 | 48% |
| 2012 | 420,203 | 349,747 | 70,456 | 16.6 | 38% |
| 2013 | 414,211 | 468,199 | −53,988 | 10.9 | 19% |
| 2014 | 422,011 | 421,893 | 118 | 15.5 | 44% |
| 2015 | 408,178 | 397,090 | 11,088 | 16.4 | 51% |
| 2016 | 377,863 | 392,991 | −15,128 | 16.1 | 44% |
| 2017 | 412,224 | 379,482 | 32,742 | 17.7 | 47% |
| 2018 | 430,377 | 411,360 | 19,017 | 16.9 | 46% |
| 2019 | 441,990 | 429,695 | 12,295 | 15.3 | 45% |
| 2020 | 466,701 | 387,562 | 79,139 | 19.4 | 47% |
| 2021 | 490,972 | 505,153 | −14,181 | 14.9 | 43% |
| 2022 | 681,054 | 601,623 | 79,431 | 14.0 | 38% |
In its most recent public year (2022), this organization brought in $79,431 more than it spent. Its reserves stood at about 14 months of spending. Staff pay was 38% 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 2022. 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
Michigan City Economic Development Corporation's IRS filings as a feed — one entry per filing year, through 2022. 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