Merrill Area Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 4,126 | 25,541 | −21,415 | 352.9 | 0% |
| 2012 | 7,080 | 24,536 | −17,456 | 359.8 | 0% |
| 2013 | 862 | 25,827 | −24,965 | 348.0 | 0% |
| 2014 | 527,957 | 764,844 | −236,887 | 8.1 | 0% |
| 2015 | 266,301 | 543,526 | −277,225 | 5.3 | 0% |
| 2016 | 278 | 55,062 | −54,784 | 41.3 | 0% |
| 2017 | 29,995 | 46,112 | −16,117 | 46.0 | 0% |
| 2018 | 35,315 | 20,079 | 15,236 | 116.7 | 0% |
| 2019 | 389 | 21,472 | −21,083 | 99.1 | 0% |
| 2020 | 13,351 | 24,837 | −11,486 | 81.7 | 0% |
| 2021 | 312,576 | 74,504 | 238,072 | 66.1 | 0% |
| 2022 | 4,012 | 46,911 | −42,899 | 94.0 | — |
| 2023 | 3,755 | 10,110 | −6,355 | 428.6 | — |
In its most recent public year (2023), this organization spent $6,355 more than it brought in. Its reserves stood at about 428.6 months of spending, up from 352.9 in 2011.
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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