Madison County Economic Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2014 | 196,358 | 48,205 | 148,153 | 102.9 | 16% |
| 2015 | 80,440 | 41,547 | 38,893 | 130.6 | 28% |
| 2016 | 46,913 | 44,461 | 2,452 | 122.7 | 27% |
| 2017 | 13,027 | 88,531 | −75,504 | 51.4 | — |
| 2018 | 29,221 | 30,012 | −791 | 151.3 | — |
| 2021 | 25,437 | 40,176 | −14,739 | 104.0 | 30% |
| 2022 | 26,372 | 32,073 | −5,701 | 128.1 | 0% |
| 2023 | 48,729 | 37,806 | 10,923 | 112.2 | 0% |
In its most recent public year (2023), this organization brought in $10,923 more than it spent. Its reserves stood at about 112.2 months of spending, up from 102.9 in 2014. 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 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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