Regional Accelerator & Innovation Network
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2014 | 104,000 | 17,282 | 86,718 | 60.2 | — |
| 2015 | 167,504 | 211,007 | −43,503 | 2.1 | — |
| 2016 | 1,166,250 | 1,025,800 | 140,450 | 2.1 | 11% |
| 2017 | 1,194,196 | 1,301,432 | −107,236 | 0.6 | 8% |
| 2018 | 886,256 | 650,838 | 235,418 | 6.0 | 20% |
| 2019 | 801,510 | 879,441 | −77,931 | 3.4 | 14% |
| 2020 | 616,612 | 572,086 | 44,526 | 6.1 | 22% |
| 2021 | 712,424 | 599,789 | 112,635 | 8.1 | 23% |
| 2022 | 1,539,645 | 1,097,169 | 442,476 | 8.9 | 13% |
| 2023 | 1,860,613 | 1,795,046 | 65,567 | 5.9 | 9% |
In its most recent public year (2023), this organization brought in $65,567 more than it spent. Its reserves stood at about 5.9 months of spending, down from 60.2 in 2014. Staff pay was 9% of spending. $606,617 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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