Metro Area Development Corp
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 272,109 | 353,234 | −81,125 | 7.1 | 18% |
| 2012 | 331,972 | 338,439 | −6,467 | 7.2 | 19% |
| 2013 | 391,960 | 368,475 | 23,485 | 7.3 | 18% |
| 2014 | 412,726 | 364,382 | 48,344 | 9.0 | 18% |
| 2015 | 337,303 | 315,064 | 22,239 | 11.3 | 21% |
| 2016 | 342,632 | 316,804 | 25,828 | 12.2 | 21% |
| 2017 | 375,335 | 344,330 | 31,005 | 12.3 | 19% |
| 2018 | 301,144 | 318,682 | −17,538 | 12.6 | 20% |
| 2019 | 288,010 | 342,030 | −54,020 | 9.8 | 32% |
| 2020 | 162,377 | 205,365 | −42,988 | 13.9 | 48% |
| 2021 | 240,207 | 298,087 | −57,880 | 6.8 | 71% |
| 2022 | 203,582 | 329,993 | −126,411 | 2.9 | 53% |
| 2023 | 208,914 | 285,334 | −76,420 | 0.0 | 48% |
In its most recent public year (2023), this organization spent $76,420 more than it brought in. Its reserves stood at about 0 months of spending, down from 7.1 in 2011. Staff pay was 48% 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 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
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