Rockford Promise
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2017 | 78,007 | 18,478 | 59,529 | 78.5 | — |
| 2018 | 323,376 | 56,165 | 267,211 | 82.9 | 0% |
| 2019 | 401,984 | 162,019 | 239,965 | 46.5 | 2% |
| 2020 | 362,895 | 190,915 | 171,980 | 50.3 | 6% |
| 2021 | 351,252 | 368,341 | −17,089 | 25.5 | 31% |
| 2022 | 1,866,293 | 549,216 | 1,317,077 | 45.9 | 21% |
| 2023 | 2,437,043 | 1,061,682 | 1,375,361 | 39.4 | 27% |
In its most recent public year (2023), this organization brought in $1,375,361 more than it spent. Its reserves stood at about 39.4 months of spending, down from 78.5 in 2017. Staff pay was 27% of spending. $3,030,093 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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