Rock Island Economic Growth Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 13,303,594 | 14,606,162 | −1,302,568 | 3.3 | 5% |
| 2012 | 6,900,963 | 6,275,771 | 625,192 | 8.8 | 13% |
| 2013 | 6,084,140 | 4,688,272 | 1,395,868 | 15.3 | 19% |
| 2014 | 5,652,597 | 4,600,781 | 1,051,816 | 18.3 | 21% |
| 2015 | 5,455,979 | 6,262,605 | −806,626 | 12.1 | 16% |
| 2016 | 2,735,346 | 3,578,433 | −843,087 | 18.1 | 25% |
| 2017 | 3,620,328 | 3,295,095 | 325,233 | 20.8 | 27% |
| 2018 | 13,825,139 | 3,761,098 | 10,064,041 | 49.6 | 25% |
| 2019 | 2,817,955 | 3,577,972 | −760,017 | 50.0 | 14% |
| 2020 | 3,732,413 | 4,478,931 | −746,518 | 38.0 | 18% |
| 2021 | 2,050,446 | 4,795,222 | −2,744,776 | 28.5 | 19% |
| 2022 | 2,442,309 | 5,200,710 | −2,758,401 | 20.6 | 19% |
| 2023 | 4,521,470 | 5,707,859 | −1,186,389 | 17.4 | 20% |
In its most recent public year (2023), this organization spent $1,186,389 more than it brought in. Its reserves stood at about 17.4 months of spending, up from 3.3 in 2011. Staff pay was 20% of spending. $1,000 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
Rock Island Economic Growth 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