Albion Economic Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 224,167 | 69,429 | 154,738 | 72.5 | 28% |
| 2013 | 28,821 | 61,686 | −32,865 | 75.2 | 33% |
| 2014 | 5,011 | 53,218 | −48,207 | 76.3 | 9% |
| 2015 | 307,267 | 79,944 | 227,323 | 84.9 | 0% |
| 2016 | 8,322 | 124,197 | −115,875 | 43.5 | 0% |
| 2017 | 5,205 | 146,737 | −141,532 | 25.2 | 0% |
| 2018 | 255,827 | 115,300 | 140,527 | 46.7 | 0% |
| 2019 | 220,066 | 76,976 | 143,090 | 92.3 | 0% |
| 2020 | 38,014 | 114,140 | −76,126 | 54.2 | 0% |
| 2021 | 99,844 | 68,123 | 31,721 | 96.4 | 0% |
| 2022 | 157,458 | 116,563 | 40,895 | 60.6 | 0% |
| 2023 | 402,607 | 181,497 | 221,110 | 53.5 | 0% |
| 2024 | 1,498,759 | 184,710 | 1,314,049 | 138.0 | 0% |
In its most recent public year (2024), this organization brought in $1,314,049 more than it spent. Its reserves stood at about 138 months of spending, up from 72.5 in 2012. Staff pay was 0% 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 2024. 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
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