Hampton Roads Economic Development Alliance
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 2,600,113 | 2,800,920 | −200,807 | 11.3 | 35% |
| 2012 | 2,602,563 | 2,613,178 | −10,615 | 12.0 | 38% |
| 2013 | 2,584,541 | 2,383,115 | 201,426 | 14.2 | 41% |
| 2014 | 2,538,385 | 2,325,426 | 212,959 | 15.7 | 42% |
| 2015 | 2,287,941 | 2,312,275 | −24,334 | 15.6 | 37% |
| 2016 | 2,197,361 | 2,249,625 | −52,264 | 15.8 | 47% |
| 2017 | 2,281,196 | 2,604,285 | −323,089 | 12.1 | 46% |
| 2018 | 2,106,622 | 2,312,645 | −206,023 | 12.6 | 47% |
| 2019 | 2,688,093 | 2,350,165 | 337,928 | 14.1 | 38% |
| 2020 | 3,715,361 | 2,892,250 | 823,111 | 14.9 | 42% |
| 2021 | 4,031,039 | 3,575,161 | 455,878 | 13.6 | 42% |
| 2022 | 3,867,938 | 3,508,588 | 359,350 | 15.1 | 44% |
| 2023 | 3,575,930 | 4,145,174 | −569,244 | 11.1 | 45% |
In its most recent public year (2023), this organization spent $569,244 more than it brought in. Its reserves stood at about 11.1 months of spending. Staff pay was 45% 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
Hampton Roads Economic Development Alliance'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