Richmond Economic Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 551 | 37,621 | −37,070 | 271.9 | 0% |
| 2012 | 950,868 | 734,048 | 216,820 | 17.5 | 0% |
| 2013 | 90,656 | 385,572 | −294,916 | 24.1 | 0% |
| 2014 | −155,656 | 18,228 | −173,884 | 66.1 | 0% |
| 2015 | 2,585 | 16,043 | −13,458 | 65.0 | 0% |
| 2016 | 25,503 | 10,354 | 15,149 | 118.3 | 0% |
| 2017 | 2,703 | 17,719 | −15,016 | 58.9 | 0% |
| 2018 | 702 | 3,976 | −3,274 | 252.8 | 0% |
| 2019 | 26,034 | 4,723 | 21,311 | 266.9 | 0% |
| 2020 | 15,024 | 6,644 | 8,380 | 204.9 | 0% |
| 2021 | 245,035 | 51,880 | 193,155 | 70.9 | 0% |
| 2022 | −468,344 | 25,753 | −494,097 | -89.0 | 0% |
| 2023 | 99,609 | 6,284 | 93,325 | -186.6 | 0% |
In its most recent public year (2023), this organization brought in $93,325 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-186.6 months), down from 271.9 in 2011. Staff pay was 0% 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
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