Mid-East Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 468,580 | 430,145 | 38,435 | -4.7 | 12% |
| 2012 | 433,861 | 470,898 | −37,037 | -5.2 | 7% |
| 2013 | 384,073 | 411,406 | −27,333 | -6.8 | 9% |
| 2014 | 395,929 | 411,660 | −15,731 | -7.2 | 0% |
| 2015 | 382,334 | 389,807 | −7,473 | -7.8 | 0% |
| 2016 | 389,406 | 381,281 | 8,125 | -7.8 | 0% |
| 2017 | 337,972 | 362,659 | −24,687 | -9.0 | 0% |
| 2018 | 351,268 | 320,820 | 30,448 | -9.0 | 0% |
| 2019 | 323,242 | 307,881 | 15,361 | -8.8 | 0% |
| 2020 | 346,691 | 318,324 | 28,367 | -7.4 | 0% |
| 2021 | 316,877 | 320,783 | −3,906 | -7.5 | 0% |
| 2022 | 315,512 | 338,494 | −22,982 | -7.9 | 0% |
| 2023 | 326,579 | 335,825 | −9,246 | -8.3 | 0% |
| 2024 | 335,231 | 331,861 | 3,370 | -8.3 | 0% |
In its most recent public year (2024), this organization brought in $3,370 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-8.3 months), down from -4.7 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 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
Mid-East Development Corporation's IRS filings as a feed — one entry per filing year, through 2024. 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