Rock Hill Economic Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 537,275 | 416,930 | 120,345 | 84.5 | 0% |
| 2012 | 171,806 | 139,971 | 31,835 | 254.4 | 0% |
| 2013 | 1,389,072 | 171,705 | 1,217,367 | 292.5 | 0% |
| 2014 | 1,306,080 | 535,412 | 770,668 | 111.1 | 0% |
| 2015 | 3,887,328 | 5,153,647 | −1,266,319 | 8.6 | 0% |
| 2016 | 1,579,438 | 872,385 | 707,053 | 57.8 | 0% |
| 2017 | 1,170,565 | 1,281,628 | −111,063 | 38.3 | 0% |
| 2018 | 2,710,652 | 1,905,899 | 804,753 | 30.5 | 0% |
| 2019 | 1,516,320 | 1,476,448 | 39,872 | 40.9 | 0% |
| 2020 | 4,306,759 | 5,061,744 | −754,985 | 11.3 | 0% |
| 2021 | 787,473 | 791,378 | −3,905 | 73.7 | 0% |
| 2022 | 376,619 | 1,266,931 | −890,312 | 38.3 | 0% |
In its most recent public year (2022), this organization spent $890,312 more than it brought in. Its reserves stood at about 38.3 months of spending, down from 84.5 in 2011. Staff pay was 0% of spending. $53,057 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 2022. 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
Rock Hill Economic Development Corporation's IRS filings as a feed — one entry per filing year, through 2022. 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