Area Development Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 132,405 | 102,118 | 30,287 | 77.4 | 55% |
| 2011 | 128,315 | 108,693 | 19,622 | 74.9 | 54% |
| 2012 | 127,552 | 114,376 | 13,176 | 72.6 | 52% |
| 2013 | 0 | 0 | 0 | — | — |
| 2014 | 127,602 | 114,111 | 13,491 | 76.3 | 55% |
| 2015 | 169,052 | 135,695 | 33,357 | 66.8 | 54% |
| 2016 | 107,935 | 163,152 | −55,217 | 54.2 | 67% |
| 2017 | 169,657 | 158,573 | 11,084 | 62.9 | 68% |
| 2018 | 333,572 | 240,784 | 92,788 | 42.4 | 60% |
| 2019 | 367,445 | 359,852 | 7,593 | 31.3 | 70% |
| 2020 | 348,324 | 269,794 | 78,530 | 47.2 | 57% |
| 2021 | 433,152 | 300,580 | 132,572 | 51.9 | 63% |
| 2022 | 707,783 | 487,544 | 220,239 | 33.7 | 42% |
| 2023 | 565,367 | 477,672 | 87,695 | 37.9 | 44% |
In its most recent public year (2023), this organization brought in $87,695 more than it spent. Its reserves stood at about 37.9 months of spending, down from 77.4 in 2010. Staff pay was 44% 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
Area Development Foundation Inc'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