Roanoke Economic Development Incorporated
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 432,554 | 506,663 | −74,109 | -31.0 | 0% |
| 2011 | 315,468 | 451,492 | −136,024 | -38.4 | 43% |
| 2012 | 365,375 | 316,547 | 48,828 | -52.9 | 48% |
| 2013 | 288,010 | 288,235 | −225 | -58.1 | 57% |
| 2014 | 482,108 | 412,309 | 69,799 | -38.6 | 42% |
| 2015 | 744,612 | 656,324 | 88,288 | -22.6 | 29% |
| 2016 | 688,209 | 684,311 | 3,898 | -21.6 | 31% |
| 2017 | 486,218 | 619,296 | −133,078 | -26.5 | 51% |
| 2018 | 403,192 | 387,555 | 15,637 | -41.8 | 17% |
| 2019 | 983,849 | 507,901 | 475,948 | -20.7 | 11% |
| 2020 | 223,015 | 674,799 | −451,784 | -23.6 | 16% |
| 2021 | 1,497,561 | 845,041 | 652,520 | -9.6 | 20% |
| 2022 | 712,657 | 1,475,251 | −762,594 | -11.7 | 15% |
| 2023 | 766,357 | 953,693 | −187,336 | -20.4 | 31% |
In its most recent public year (2023), this organization spent $187,336 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-20.4 months), up from -31 in 2010. Staff pay was 31% 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
Roanoke Economic Development Incorporated'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