Riley Area Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 3,309,099 | 1,055,778 | 2,253,321 | 62.9 | 24% |
| 2011 | 3,006,757 | 921,038 | 2,085,719 | 99.3 | 29% |
| 2012 | 1,382,408 | 722,363 | 660,045 | 138.2 | 34% |
| 2013 | 1,236,329 | 811,924 | 424,405 | 129.3 | 31% |
| 2014 | 1,144,952 | 1,985,807 | −840,855 | 47.8 | 12% |
| 2015 | 2,681,354 | 1,263,732 | 1,417,622 | 88.7 | 21% |
| 2016 | 2,556,316 | 2,172,529 | 383,787 | 53.7 | 10% |
| 2017 | 1,526,198 | 891,908 | 634,290 | 139.4 | 23% |
| 2018 | 1,139,488 | 1,304,243 | −164,755 | 72.9 | 16% |
| 2019 | 1,303,096 | 924,396 | 378,700 | 108.0 | 29% |
| 2020 | 698,441 | 1,043,471 | −345,030 | 91.7 | 24% |
| 2021 | 294,424 | 968,795 | −674,371 | 90.4 | 20% |
| 2022 | 357,362 | 755,735 | −398,373 | 109.5 | 14% |
In its most recent public year (2022), this organization spent $398,373 more than it brought in. Its reserves stood at about 109.5 months of spending, up from 62.9 in 2010. Staff pay was 14% of spending.
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 2022. 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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