Hastings Area Industrial Development Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 43,839 | 19,710 | 24,129 | 985.5 | 0% |
| 2012 | 41,202 | 20,775 | 20,427 | 946.8 | 0% |
| 2013 | 53,905 | 9,969 | 43,936 | 2025.9 | 0% |
| 2014 | 36,706 | 11,179 | 25,527 | 1834.0 | 0% |
| 2016 | 45,125 | 8,029 | 37,096 | 2652.7 | 0% |
| 2017 | 36,111 | 8,472 | 27,639 | 2553.2 | 0% |
| 2018 | 67,924 | 32,032 | 35,892 | 688.7 | 0% |
| 2019 | 241,946 | 7,604 | 234,342 | 3271.1 | 0% |
| 2020 | 581,050 | 497,740 | 83,310 | 52.0 | 0% |
| 2021 | 38,657 | 4,917 | 33,740 | 5349.3 | 0% |
| 2022 | 30,240 | 4,022 | 26,218 | 6603.4 | 0% |
| 2023 | 12,454 | 3,757 | 8,697 | 7096.9 | 0% |
In its most recent public year (2023), this organization brought in $8,697 more than it spent. Its reserves stood at about 7096.9 months of spending, up from 985.5 in 2011. 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
Hastings Area Industrial Development Association'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