Riceville Area Development
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2017 | 153,363 | 68,918 | 84,445 | 19.4 | 40% |
| 2018 | 26,239 | 85,361 | −59,122 | 7.3 | 0% |
| 2019 | 4,918 | 49,856 | −44,938 | 1.7 | 0% |
| 2020 | 4,374 | 11,877 | −7,503 | -0.3 | 0% |
| 2021 | 23,154 | 3,447 | 19,707 | 67.5 | 0% |
| 2022 | 2,540 | 13,922 | −11,382 | 6.9 | 0% |
| 2023 | 14,744 | 18,719 | −3,975 | 2.6 | 0% |
In its most recent public year (2023), this organization spent $3,975 more than it brought in. Its reserves stood at about 2.6 months of spending, down from 19.4 in 2017. Staff pay was 0% 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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