Riverworks Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,970,677 | 1,467,133 | 503,544 | 21.9 | 50% |
| 2021 | 1,774,285 | 1,668,513 | 105,772 | 20.0 | 51% |
| 2022 | 2,491,512 | 1,974,306 | 517,206 | 20.0 | 48% |
| 2023 | 2,829,114 | 2,272,432 | 556,682 | 20.3 | 41% |
In its most recent public year (2023), this organization brought in $556,682 more than it spent. Its reserves stood at about 20.3 months of spending, down from 21.9 in 2020. Staff pay was 41% of spending. $1,619,548 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
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