Midtown Improvement And Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2015 | 500,027 | 221,357 | 278,670 | 15.1 | 0% |
| 2016 | 4,261,113 | 1,075,997 | 3,185,116 | 38.6 | 26% |
| 2017 | 1,388,118 | 2,059,411 | −671,293 | 16.3 | 20% |
| 2018 | 1,276,193 | 1,883,475 | −607,282 | 13.9 | 25% |
| 2019 | 1,419,771 | 2,044,851 | −625,080 | 11.9 | 25% |
| 2020 | 895,250 | 2,255,923 | −1,360,673 | 6.8 | 22% |
| 2021 | 1,453,477 | 2,440,252 | −986,775 | 4.6 | 22% |
| 2022 | 1,901,505 | 2,546,940 | −645,435 | 4.2 | 20% |
In its most recent public year (2022), this organization spent $645,435 more than it brought in. Its reserves stood at about 4.2 months of spending, down from 15.1 in 2015. Staff pay was 20% of spending. $904,714 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 2022. 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
Midtown Improvement And Development Corporation's IRS filings as a feed — one entry per filing year, through 2022. 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