The Welch Area Development Authority
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 5,656 | 18,215 | −12,559 | 55.6 | — |
| 2011 | 7,784 | 3,037 | 4,747 | 352.1 | — |
| 2012 | 6,488 | 7,093 | −605 | 149.7 | — |
| 2013 | 46,971 | 4,975 | 41,996 | 314.8 | — |
| 2014 | 3,428 | 1,165 | 2,263 | 1367.5 | — |
| 2015 | 2,729 | 1,150 | 1,579 | 1401.8 | — |
| 2016 | 3,001 | 1,635 | 1,366 | 996.0 | — |
| 2017 | 9,072 | 2,708 | 6,364 | 629.6 | — |
| 2018 | 5,070 | 1,249 | 3,821 | 1401.7 | — |
| 2019 | 22,742 | 2,397 | 20,345 | 832.2 | — |
| 2020 | 22,094 | 3,168 | 18,926 | 701.4 | — |
| 2021 | 64,360 | 37,528 | 26,832 | 67.8 | — |
| 2022 | 5,403 | 3,459 | 1,944 | 742.5 | — |
| 2023 | 21,572 | 10,907 | 10,665 | 247.2 | — |
In its most recent public year (2023), this organization brought in $10,665 more than it spent. Its reserves stood at about 247.2 months of spending, up from 55.6 in 2010.
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
The Welch Area Development Authority'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