Rochester Area Economic Development Inc Redi
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 711,725 | 672,001 | 39,724 | 15.2 | 58% |
| 2012 | 710,604 | 693,671 | 16,933 | 15.0 | 65% |
| 2013 | 959,525 | 760,112 | 199,413 | 16.8 | 57% |
| 2014 | 1,442,497 | 995,699 | 446,798 | 18.2 | 53% |
| 2015 | 2,593,214 | 2,105,043 | 488,171 | 11.4 | 30% |
| 2016 | 1,211,066 | 977,503 | 233,563 | 27.4 | 64% |
| 2017 | 1,004,855 | 959,393 | 45,462 | 28.5 | 68% |
| 2018 | 1,631,516 | 946,353 | 685,163 | 37.6 | 63% |
| 2019 | 1,063,888 | 928,964 | 134,924 | 40.3 | 66% |
| 2020 | 1,467,356 | 655,212 | 812,144 | 72.1 | 65% |
| 2021 | 1,415,203 | 686,550 | 728,653 | 81.5 | 62% |
| 2022 | 925,215 | 1,287,835 | −362,620 | 40.1 | 50% |
| 2023 | 1,659,191 | 1,374,984 | 284,207 | 40.0 | 58% |
In its most recent public year (2023), this organization brought in $284,207 more than it spent. Its reserves stood at about 40 months of spending, up from 15.2 in 2011. Staff pay was 58% of spending. $473,094 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
Rochester Area Economic Development Inc Redi'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