Madison Freewheel Bicycle Co
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2022 | 94,882 | 104,981 | −10,099 | -2.3 | — |
| 2023 | 100,546 | 129,923 | −29,377 | -4.5 | — |
| 2024 | 50,659 | 34,332 | 16,327 | -11.4 | — |
In its most recent public year (2024), this organization brought in $16,327 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-11.4 months), down from -2.3 in 2022.
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 2024. 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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