Rutland Economic Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 480,366 | 469,320 | 11,046 | 19.3 | 30% |
| 2012 | 552,913 | 411,864 | 141,049 | 26.1 | 39% |
| 2013 | 517,921 | 429,725 | 88,196 | 27.5 | 39% |
| 2014 | 502,905 | 427,652 | 75,253 | 29.7 | 40% |
| 2015 | 573,447 | 469,469 | 103,978 | 29.7 | 36% |
| 2016 | 559,848 | 451,858 | 107,990 | 33.7 | 33% |
| 2017 | 451,461 | 525,677 | −74,216 | 27.3 | 25% |
| 2018 | 466,600 | 425,758 | 40,842 | 34.0 | 34% |
| 2019 | 439,266 | 436,462 | 2,804 | 33.3 | 44% |
| 2020 | 477,645 | 457,341 | 20,304 | 32.3 | 42% |
| 2021 | 1,109,239 | 795,780 | 313,459 | 23.3 | 41% |
| 2022 | 962,268 | 752,699 | 209,569 | 28.0 | 50% |
| 2023 | 2,069,858 | 1,166,276 | 903,582 | 27.3 | 49% |
In its most recent public year (2023), this organization brought in $903,582 more than it spent. Its reserves stood at about 27.3 months of spending, up from 19.3 in 2011. Staff pay was 49% of spending. $1,069,900 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
Rutland Economic 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