North Richmond Economic Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2009 | 329,845 | 325,847 | 3,998 | -0.2 | — |
| 2011 | 223,382 | 180,763 | 42,619 | 4.7 | 57% |
| 2012 | 237,437 | 248,076 | −10,639 | 2.9 | 56% |
| 2013 | 275,752 | 283,703 | −7,951 | 2.2 | 67% |
| 2014 | 273,380 | 259,270 | 14,110 | 3.1 | 56% |
| 2015 | 271,489 | 275,354 | −3,865 | 2.7 | 45% |
| 2016 | 282,744 | 264,884 | 17,860 | 3.6 | 49% |
| 2017 | 273,174 | 233,975 | 39,199 | 5.9 | 51% |
| 2018 | 279,571 | 276,324 | 3,247 | 5.6 | 41% |
| 2019 | 277,631 | 215,213 | 62,418 | 9.8 | 32% |
| 2020 | 324,557 | 324,437 | 120 | 6.4 | 29% |
| 2021 | 583,746 | 295,459 | 288,287 | 18.7 | 34% |
| 2022 | 366,316 | 288,215 | 78,101 | 23.0 | 46% |
| 2023 | 33,361 | 35,272 | −1,911 | 201.7 | 47% |
In its most recent public year (2023), this organization spent $1,911 more than it brought in. Its reserves stood at about 201.7 months of spending, up from -0.2 in 2009. Staff pay was 47% 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
North Richmond Economic Development Corporation'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