Mlk Avenue Redevelopment Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 564,537 | 644,579 | −80,042 | 61.1 | 20% |
| 2012 | 820,672 | 401,905 | 418,767 | 110.5 | 32% |
| 2013 | 925,104 | 517,626 | 407,478 | 95.3 | 27% |
| 2014 | 711,417 | 434,020 | 277,397 | 121.3 | 36% |
| 2015 | 429,862 | 704,538 | −274,676 | 70.0 | 26% |
| 2016 | 848,519 | 884,990 | −36,471 | 54.7 | 19% |
| 2017 | 522,114 | 675,455 | −153,341 | 68.9 | 25% |
| 2018 | 830,578 | 1,224,573 | −393,995 | 34.1 | 17% |
| 2019 | 422,736 | 835,610 | −412,874 | 44.1 | 29% |
| 2020 | −375,632 | 1,243,690 | −1,619,322 | 14.0 | 7% |
| 2021 | 257,926 | 585,526 | −327,600 | 23.1 | 15% |
| 2022 | 29,911 | 168,805 | −138,894 | 70.1 | 53% |
| 2023 | 292,407 | 417,404 | −124,997 | 24.8 | 22% |
In its most recent public year (2023), this organization spent $124,997 more than it brought in. Its reserves stood at about 24.8 months of spending, down from 61.1 in 2011. Staff pay was 22% of spending. $162,326 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
Mlk Avenue Redevelopment 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