Madison Riverfront Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 21,865 | 10,328 | 11,537 | 455.2 | 0% |
| 2012 | 23,625 | 22,695 | 930 | 207.7 | 0% |
| 2013 | 20,577 | 30,344 | −9,767 | 151.5 | 0% |
| 2014 | 29,183 | 39,841 | −10,658 | 112.1 | 0% |
| 2015 | 22,774 | 89,782 | −67,008 | 40.8 | 0% |
| 2016 | 20,055 | 23,460 | −3,405 | 154.4 | 0% |
| 2017 | 135,301 | 106,940 | 28,361 | 37.1 | 0% |
| 2018 | 117,406 | 58,787 | 58,619 | 79.4 | 0% |
| 2019 | 124,353 | 68,561 | 55,792 | 77.8 | 0% |
| 2020 | 77,948 | 251,036 | −173,088 | 13.0 | 0% |
| 2021 | 216,321 | 142,540 | 73,781 | 29.1 | 0% |
| 2022 | 827,913 | 359,851 | 468,062 | 27.5 | 0% |
| 2023 | 736,512 | 1,653,486 | −916,974 | -0.6 | 0% |
In its most recent public year (2023), this organization spent $916,974 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-0.6 months), down from 455.2 in 2011. 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
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