Madelia Area Redevelopment Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 60,000 | 60,980 | −980 | 1.1 | — |
| 2012 | 48,000 | 16,980 | 31,020 | 26.0 | — |
| 2013 | 40,000 | 33,755 | 6,245 | 15.3 | — |
| 2014 | 48,000 | 34,824 | 13,176 | 19.4 | — |
| 2015 | 48,000 | 33,075 | 14,925 | 25.8 | — |
| 2016 | 48,000 | 70,547 | −22,547 | 8.3 | — |
| 2017 | 48,000 | 26,947 | 21,053 | 31.0 | — |
| 2018 | 48,000 | 60,965 | −12,965 | 11.2 | — |
| 2019 | 48,015 | 12,753 | 35,262 | 86.5 | — |
| 2020 | 48,048 | 72,370 | −24,322 | 11.2 | — |
| 2021 | 48,036 | 47,258 | 778 | 17.4 | — |
| 2022 | 48,025 | 94,583 | −46,558 | 2.8 | — |
| 2023 | 48,013 | 55,728 | −7,715 | 3.1 | — |
In its most recent public year (2023), this organization spent $7,715 more than it brought in. Its reserves stood at about 3.1 months of spending, up from 1.1 in 2011.
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
Madelia Area Redevelopment 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