Rockford Local Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 621,000 | 779,180 | −158,180 | -13.2 | 48% |
| 2012 | 650,884 | 758,145 | −107,261 | -15.3 | 52% |
| 2013 | 2,724,871 | 674,523 | 2,050,348 | 19.3 | 21% |
| 2014 | 705,289 | 698,521 | 6,768 | 18.8 | 58% |
| 2015 | 630,051 | 638,532 | −8,481 | 20.4 | 59% |
| 2016 | 687,376 | 688,280 | −904 | 18.9 | 59% |
| 2017 | 708,195 | 712,110 | −3,915 | 18.2 | 57% |
| 2018 | 692,407 | 697,919 | −5,512 | 18.5 | 58% |
| 2019 | 935,341 | 798,522 | 136,819 | 18.2 | 53% |
| 2020 | 954,486 | 835,195 | 119,291 | 19.1 | 57% |
| 2021 | 1,268,852 | 797,579 | 471,273 | 27.1 | 57% |
| 2022 | 1,498,474 | 869,220 | 629,254 | 33.6 | 61% |
| 2023 | 1,914,300 | 1,124,522 | 789,778 | 34.4 | 48% |
In its most recent public year (2023), this organization brought in $789,778 more than it spent. Its reserves stood at about 34.4 months of spending, up from -13.2 in 2011. Staff pay was 48% of spending. $2,302,152 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
Rockford Local 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