Middle Michigan Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 451,638 | 457,732 | −6,094 | 0.8 | 40% |
| 2012 | 340,035 | 309,822 | 30,213 | 2.4 | 58% |
| 2013 | 286,856 | 248,593 | 38,263 | 4.8 | 47% |
| 2014 | 288,821 | 284,516 | 4,305 | 4.4 | 7% |
| 2015 | 278,321 | 190,590 | 87,731 | 10.3 | 43% |
| 2016 | 22,600 | 66,650 | −44,050 | 32.1 | 49% |
| 2017 | 266,002 | 248,131 | 17,871 | 9.5 | 53% |
| 2018 | 326,477 | 332,577 | −6,100 | 6.8 | 52% |
| 2019 | 367,619 | 367,767 | −148 | 6.2 | 64% |
| 2020 | 4,200,142 | 4,161,371 | 38,771 | 1.2 | 7% |
| 2021 | 2,306,258 | 2,304,856 | 1,402 | 2.2 | 12% |
| 2022 | 703,274 | 763,559 | −60,285 | 5.7 | 39% |
| 2023 | 1,108,013 | 1,104,992 | 3,021 | 4.0 | 27% |
In its most recent public year (2023), this organization brought in $3,021 more than it spent. Its reserves stood at about 4 months of spending, up from 0.8 in 2011. Staff pay was 27% of spending. $103,627 of its net assets are donor-restricted.
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
Middle Michigan 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