Altoona-Blair County Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 2,245,023 | 3,169,401 | −924,378 | 26.1 | 30% |
| 2012 | 3,210,098 | 3,599,306 | −389,208 | 15.8 | 26% |
| 2013 | 4,742,837 | 4,753,012 | −10,175 | 24.8 | 21% |
| 2014 | 5,036,752 | 5,782,723 | −745,971 | 10.0 | 18% |
| 2015 | 9,353,635 | 7,853,385 | 1,500,250 | 7.5 | 13% |
| 2016 | 6,639,909 | 6,096,023 | 543,886 | 16.3 | 16% |
| 2017 | 3,800,009 | 7,368,959 | −3,568,950 | 8.6 | 14% |
| 2018 | 4,235,188 | 6,386,239 | −2,151,051 | 11.2 | 16% |
| 2019 | 7,589,358 | 11,157,860 | −3,568,502 | -7.3 | 9% |
| 2020 | 5,407,499 | 8,189,882 | −2,782,383 | -29.6 | 12% |
| 2021 | 5,843,646 | 8,581,347 | −2,737,701 | -17.9 | 11% |
| 2022 | 33,416,279 | 6,259,067 | 27,157,212 | 66.3 | 13% |
| 2023 | 5,482,146 | 5,287,740 | 194,406 | 77.1 | 16% |
In its most recent public year (2023), this organization brought in $194,406 more than it spent. Its reserves stood at about 77.1 months of spending, up from 26.1 in 2011. Staff pay was 16% of spending. $24,590,800 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
Altoona-Blair County Development Corporation'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