Akron Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 1,735,868 | 1,657,729 | 78,139 | 5.3 | 0% |
| 2011 | 2,256,889 | 1,871,932 | 384,957 | 4.5 | 0% |
| 2012 | 2,110,601 | 1,718,314 | 392,287 | 7.6 | 0% |
| 2013 | 2,319,080 | 1,889,356 | 429,724 | 9.7 | 0% |
| 2014 | 5,647,731 | 1,726,011 | 3,921,720 | 37.8 | 0% |
| 2015 | 5,137,519 | 2,220,853 | 2,916,666 | 45.1 | 0% |
| 2016 | 2,180,020 | 2,552,351 | −372,331 | 37.5 | 0% |
| 2017 | 2,943,393 | 3,147,719 | −204,326 | 29.0 | 0% |
| 2018 | 3,086,064 | 3,057,272 | 28,792 | 27.0 | 0% |
| 2019 | 3,888,439 | 3,872,290 | 16,149 | 20.4 | 0% |
| 2020 | 4,056,032 | 4,230,867 | −174,835 | 18.4 | 0% |
| 2021 | 934,426 | 1,008,495 | −74,069 | 56.9 | 0% |
| 2022 | 492,572 | 524,420 | −31,848 | 70.3 | 0% |
| 2023 | 284,160 | 552,493 | −268,333 | 60.5 | 0% |
In its most recent public year (2023), this organization spent $268,333 more than it brought in. Its reserves stood at about 60.5 months of spending, up from 5.3 in 2010. 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 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
Akron 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