Milwaukee Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 872,001 | 882,286 | −10,285 | 42.0 | 55% |
| 2013 | 876,794 | 909,622 | −32,828 | 40.3 | 54% |
| 2014 | 941,485 | 947,553 | −6,068 | 38.6 | 50% |
| 2015 | 1,413,139 | 1,096,527 | 316,612 | 36.5 | 41% |
| 2016 | 4,580,322 | 2,077,036 | 2,503,286 | 33.9 | 30% |
| 2017 | 1,907,910 | 3,805,641 | −1,897,731 | 12.5 | 18% |
| 2018 | 2,945,479 | 4,079,002 | −1,133,523 | 8.3 | 20% |
| 2019 | 2,428,468 | 2,449,309 | −20,841 | 14.5 | 40% |
| 2020 | 3,242,928 | 1,527,948 | 1,714,980 | 36.7 | 51% |
| 2021 | 5,669,395 | 1,494,670 | 4,174,725 | 71.0 | 55% |
| 2022 | 23,219,043 | 27,315,181 | −4,096,138 | 1.9 | 3% |
| 2023 | 21,906,807 | 21,876,551 | 30,256 | 2.5 | 4% |
In its most recent public year (2023), this organization brought in $30,256 more than it spent. Its reserves stood at about 2.5 months of spending, down from 42 in 2012. Staff pay was 4% of spending. $833,404 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
Milwaukee Development 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