Renaissance Economic Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 1,454,634 | 2,143,608 | −688,974 | 67.8 | 33% |
| 2011 | 1,620,004 | 1,503,907 | 116,097 | 97.6 | 50% |
| 2012 | 2,272,379 | 1,926,034 | 346,345 | 78.3 | 40% |
| 2013 | 2,037,393 | 2,026,648 | 10,745 | 74.5 | 40% |
| 2014 | 1,677,128 | 1,716,396 | −39,268 | 87.7 | 44% |
| 2015 | 2,621,028 | 1,957,410 | 663,618 | 81.0 | 49% |
| 2016 | 2,327,490 | 2,075,930 | 251,560 | 77.8 | 55% |
| 2017 | 2,241,356 | 2,177,272 | 64,084 | 74.5 | 49% |
| 2018 | 2,370,615 | 2,296,324 | 74,291 | 70.9 | 51% |
| 2019 | 2,254,405 | 2,516,020 | −261,615 | 63.5 | 53% |
| 2020 | 6,653,392 | 3,379,119 | 3,274,273 | 58.9 | 41% |
| 2021 | 5,438,735 | 3,062,573 | 2,376,162 | 74.3 | 51% |
| 2022 | 4,221,507 | 3,628,639 | 592,868 | 64.7 | 48% |
| 2023 | 4,107,593 | 5,123,533 | −1,015,940 | 43.4 | 46% |
In its most recent public year (2023), this organization spent $1,015,940 more than it brought in. Its reserves stood at about 43.4 months of spending, down from 67.8 in 2010. Staff pay was 46% of spending. $2,140,062 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
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