Rural Economic Development Center Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 37,707,127 | 77,847,000 | −40,139,873 | 28.3 | 5% |
| 2012 | 38,883,079 | 61,702,237 | −22,819,158 | 31.2 | 6% |
| 2013 | 44,119,617 | 54,794,392 | −10,674,775 | 32.8 | 7% |
| 2014 | 16,642,283 | 20,059,034 | −3,416,751 | 27.7 | 3% |
| 2015 | 10,341,726 | 3,268,144 | 7,073,582 | 203.9 | 38% |
| 2016 | 6,832,897 | 3,384,690 | 3,448,207 | 212.7 | 40% |
| 2017 | 4,271,162 | 2,818,494 | 1,452,668 | 276.7 | 45% |
| 2018 | 4,615,637 | 3,514,107 | 1,101,530 | 241.2 | 46% |
| 2019 | 7,448,090 | 8,603,886 | −1,155,796 | 87.5 | 21% |
| 2020 | 5,989,172 | 4,667,786 | 1,321,386 | 161.1 | 44% |
| 2021 | 47,793,767 | 6,129,181 | 41,664,586 | 218.4 | 42% |
| 2022 | 11,378,133 | 7,400,388 | 3,977,745 | 176.3 | 42% |
| 2023 | 21,387,422 | 11,713,020 | 9,674,402 | 118.4 | 34% |
In its most recent public year (2023), this organization brought in $9,674,402 more than it spent. Its reserves stood at about 118.4 months of spending, up from 28.3 in 2011. Staff pay was 34% of spending. $9,356,545 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
Rural Economic Development Center Inc'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