Altoona Economic Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | −692,230 | 180,889 | −873,119 | 2443.4 | 0% |
| 2012 | −1,097,684 | 0 | −1,097,684 | — | — |
| 2013 | −1,103,290 | 0 | −1,103,290 | — | — |
| 2014 | −1,086,725 | 0 | −1,086,725 | — | — |
| 2015 | −1,082,182 | 0 | −1,082,182 | — | — |
| 2016 | −1,072,680 | 0 | −1,072,680 | — | — |
| 2017 | −987,741 | 0 | −987,741 | — | — |
| 2018 | −1,111,572 | 0 | −1,111,572 | — | — |
| 2019 | −936,154 | 0 | −936,154 | — | — |
| 2020 | −420,683 | 313,196 | −733,879 | 1059.3 | 0% |
| 2021 | −825,047 | 197,519 | −1,022,566 | 1617.5 | 0% |
| 2022 | −890,450 | 108,935 | −999,385 | 2822.7 | 0% |
| 2023 | −642,447 | 219,516 | −861,963 | 1353.7 | 0% |
In its most recent public year (2023), this organization spent $861,963 more than it brought in. Its reserves stood at about 1353.7 months of spending, down from 2443.4 in 2011. Staff pay was 0% of spending. $24,762,522 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 Economic 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