DEVELOPMENT CORPORATION OF AUSTIN

AUSTIN, MN, 55912-3478 (507) 433-9495 Est. 1986 EIN 23-7276266

Form 990 501(c)(6)

Mission

TO AGGRESSIVELY SUPPORT NEW OR EXISTING INDUSTRIAL AND OTHER COMMERCIAL ENTERPRISES FOR THE ECONOMIC BETTERMENT OF AUSTIN AND MOWER COUNTY.

Total Revenue

$577,332

Total Expenses

$579,295

Net Assets

$1,493,597

4 employees 30 volunteers

From latest filing (tax period ending 2024-12-31)

Operating Reserve

2.6 years Healthy

Net assets / monthly expenses

Year-over-Year Change

Revenue ↑ 13.7%

Expenses ↑ 3.6%

Revenue Sources

Contributions 23.0% Earned revenue 74.2% Investment 2.9%

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Year	Revenue	Expenses	Net Assets
2024 Form 990 Jan 1, 2024 to Dec 31, 2024	$577,332 ↑	$579,295	$1,493,597
2023 Form 990 Jan 1, 2023 to Dec 31, 2023	$507,725 ↑	$559,275	$1,480,914
2022 Form 990 Jan 1, 2022 to Dec 31, 2022	$505,143 ↑	$434,896	$1,516,838
2020 Form 990 Jan 1, 2020 to Dec 31, 2020	$438,202 ↑	$392,892	$1,489,348
2019 Form 990 Jan 1, 2019 to Dec 31, 2019	$432,207 ↓	$444,237	$1,444,038
2018 Form 990 Jan 1, 2018 to Dec 31, 2018	$478,588	$473,836	$1,456,068