Rock Island Arsenal Development Group
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 370 | 132,900 | −132,530 | 43.4 | 20% |
| 2022 | 71,543 | 216,958 | −145,415 | 18.6 | 19% |
| 2023 | 127,339 | 261,352 | −134,013 | 9.3 | 17% |
In its most recent public year (2023), this organization spent $134,013 more than it brought in. Its reserves stood at about 9.3 months of spending, down from 43.4 in 2021. Staff pay was 17% of spending. $201,769 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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