Underwood Area Economic Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 115,748 | 101,289 | 14,459 | 9.3 | — |
| 2012 | 108,881 | 120,706 | −11,825 | 6.6 | — |
| 2013 | 126,712 | 118,530 | 8,182 | 7.6 | — |
| 2014 | 117,979 | 122,314 | −4,335 | 6.9 | — |
| 2015 | 73,239 | 70,870 | 2,369 | 12.4 | — |
| 2016 | 39,306 | 68,907 | −29,601 | 7.6 | — |
| 2017 | 58,019 | 77,144 | −19,125 | 3.8 | — |
| 2018 | 47,843 | 49,058 | −1,215 | 5.5 | — |
| 2019 | 5,006 | 15,343 | −10,337 | 15.3 | — |
| 2020 | 11,000 | 3,281 | 7,719 | 99.7 | — |
| 2021 | 3,106 | 3,287 | −181 | 98.8 | — |
| 2022 | 109 | 3,384 | −3,275 | 84.4 | — |
| 2023 | 352 | 1,697 | −1,345 | 158.7 | — |
In its most recent public year (2023), this organization spent $1,345 more than it brought in. Its reserves stood at about 158.7 months of spending, up from 9.3 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
Underwood Area 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