Fort Madison Economic Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 219,433 | 41,265 | 178,168 | 195.4 | 0% |
| 2012 | 299,071 | 193,129 | 105,942 | 48.3 | 0% |
| 2013 | 208,764 | 89,713 | 119,051 | 120.0 | 0% |
| 2014 | 2,549,683 | 126,651 | 2,423,032 | 314.6 | 0% |
| 2015 | 1,266,468 | 225,382 | 1,041,086 | 232.2 | 24% |
| 2016 | 271,484 | 495,244 | −223,760 | 100.3 | 17% |
| 2017 | 50,339 | 304,794 | −254,455 | 152.9 | 0% |
| 2018 | 45,407 | 3,414,466 | −3,369,059 | 1.8 | 0% |
| 2019 | 44,267 | 63,811 | −19,544 | 93.0 | 0% |
| 2020 | 63,975 | 36,484 | 27,491 | 171.6 | 0% |
| 2021 | 695,336 | 263,275 | 432,061 | 43.5 | 0% |
| 2022 | 139,034 | 557,230 | −418,196 | 11.5 | 0% |
| 2023 | 57,327 | 24,675 | 32,652 | 276.4 | 0% |
In its most recent public year (2023), this organization brought in $32,652 more than it spent. Its reserves stood at about 276.4 months of spending, up from 195.4 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
Fort Madison Economic 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