Redwood Area Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 194,377 | 202,908 | −8,531 | 2.9 | — |
| 2012 | 517,075 | 499,495 | 17,580 | 2.0 | 25% |
| 2013 | 1,660,554 | 1,652,754 | 7,800 | 0.8 | 8% |
| 2014 | 2,640,720 | 2,635,825 | 4,895 | 0.5 | 5% |
| 2015 | 444,023 | 433,082 | 10,941 | 3.4 | 35% |
| 2016 | 522,601 | 491,754 | 30,847 | 3.8 | 32% |
| 2017 | 286,301 | 245,637 | 40,664 | 9.3 | 74% |
| 2018 | 189,259 | 229,372 | −40,113 | 7.7 | 73% |
| 2019 | 25,640 | 143,210 | −117,570 | 12.5 | 74% |
| 2020 | 168,622 | 159,911 | 8,711 | 12.5 | 76% |
| 2021 | 178,317 | 163,945 | 14,372 | 13.3 | 74% |
| 2022 | 199,087 | 234,177 | −35,090 | 7.5 | 76% |
| 2023 | 228,780 | 234,086 | −5,306 | 7.2 | 70% |
In its most recent public year (2023), this organization spent $5,306 more than it brought in. Its reserves stood at about 7.2 months of spending, up from 2.9 in 2011. Staff pay was 70% 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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