Franklin County Area Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,584,892 | 1,586,204 | −1,312 | 54.0 | 24% |
| 2012 | 1,403,658 | 1,884,087 | −480,429 | 42.5 | 22% |
| 2013 | 1,932,926 | 1,607,114 | 325,812 | 52.4 | 24% |
| 2014 | 2,383,273 | 2,155,285 | 227,988 | 41.0 | 19% |
| 2015 | 2,446,767 | 2,070,135 | 376,632 | 44.8 | 20% |
| 2016 | 2,416,077 | 1,964,256 | 451,821 | 50.0 | 22% |
| 2017 | 2,544,537 | 1,931,605 | 612,932 | 54.8 | 23% |
| 2018 | 2,176,598 | 1,965,984 | 210,614 | 55.1 | 23% |
| 2019 | 2,101,062 | 1,592,853 | 508,209 | 72.1 | 35% |
| 2020 | 1,954,116 | 1,504,581 | 449,535 | 80.2 | 37% |
| 2021 | 1,910,543 | 1,417,972 | 492,571 | 89.7 | 39% |
| 2022 | 1,648,304 | 1,418,348 | 229,956 | 90.7 | 40% |
| 2023 | 1,714,991 | 1,325,394 | 389,597 | 101.5 | 45% |
In its most recent public year (2023), this organization brought in $389,597 more than it spent. Its reserves stood at about 101.5 months of spending, up from 54 in 2011. Staff pay was 45% 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
Franklin County Area 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