Madison Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,694,662 | 1,801,835 | −107,173 | 10.6 | 25% |
| 2012 | 1,570,333 | 1,561,740 | 8,593 | 11.7 | 31% |
| 2013 | 1,850,299 | 1,654,909 | 195,390 | 12.5 | 31% |
| 2014 | 1,753,773 | 1,844,024 | −90,251 | 19.7 | 27% |
| 2015 | 3,488,256 | 2,404,024 | 1,084,232 | 20.5 | 22% |
| 2016 | 3,254,162 | 2,522,061 | 732,101 | 23.1 | 22% |
| 2017 | 3,000,837 | 2,803,098 | 197,739 | 21.8 | 9% |
| 2018 | 3,662,868 | 3,377,103 | 285,765 | 27.0 | 22% |
| 2019 | 4,227,572 | 3,884,170 | 343,402 | 24.4 | 21% |
| 2020 | 4,338,400 | 3,977,113 | 361,287 | 24.9 | 22% |
| 2021 | 5,181,232 | 4,617,963 | 563,269 | 22.9 | 19% |
| 2022 | 4,946,557 | 4,624,451 | 322,106 | 23.7 | 21% |
| 2023 | 6,436,775 | 5,094,577 | 1,342,198 | 24.7 | 22% |
In its most recent public year (2023), this organization brought in $1,342,198 more than it spent. Its reserves stood at about 24.7 months of spending, up from 10.6 in 2011. Staff pay was 22% 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
Madison 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