Mitchell Area Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 452,751 | 294,718 | 158,033 | 154.0 | 61% |
| 2012 | 435,877 | 329,619 | 106,258 | 141.5 | 53% |
| 2013 | 2,051,389 | 339,461 | 1,711,928 | 197.9 | 53% |
| 2014 | 298,998 | 617,875 | −318,877 | 102.6 | 30% |
| 2015 | 261,281 | 900,925 | −639,644 | 61.8 | 27% |
| 2016 | 389,348 | 493,384 | −104,036 | 110.3 | 45% |
| 2017 | 397,469 | 515,094 | −117,625 | 103.0 | 44% |
| 2018 | 545,406 | 576,561 | −31,155 | 91.3 | 47% |
| 2019 | 400,137 | 545,736 | −145,599 | 93.3 | 44% |
| 2020 | 395,048 | 764,321 | −369,273 | 60.8 | 36% |
| 2021 | 855,472 | 524,201 | 331,271 | 96.2 | 47% |
| 2022 | 530,993 | 683,590 | −152,597 | 71.1 | 40% |
| 2023 | 445,865 | 485,480 | −39,615 | 99.2 | 62% |
In its most recent public year (2023), this organization spent $39,615 more than it brought in. Its reserves stood at about 99.2 months of spending, down from 154 in 2011. Staff pay was 62% of spending. $3,937,558 of its net assets are donor-restricted.
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
Mitchell Area 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