Rockford Area Community Endowment
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 53,096 | 13,387 | 39,709 | 593.9 | 0% |
| 2021 | 131,494 | 92,692 | 38,802 | 99.2 | 0% |
| 2022 | 80,553 | 36,814 | 43,739 | 216.3 | 0% |
| 2023 | 125,290 | 110,604 | 14,686 | 83.2 | 0% |
In its most recent public year (2023), this organization brought in $14,686 more than it spent. Its reserves stood at about 83.2 months of spending, down from 593.9 in 2020. Staff pay was 0% 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 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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