Richland Economic Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 191,039 | 174,586 | 16,453 | 82.1 | 54% |
| 2021 | 242,771 | 204,600 | 38,171 | 72.3 | 50% |
| 2022 | 144,701 | 170,439 | −25,738 | 84.2 | 56% |
| 2023 | 179,828 | 170,140 | 9,688 | 85.1 | 43% |
In its most recent public year (2023), this organization brought in $9,688 more than it spent. Its reserves stood at about 85.1 months of spending, up from 82.1 in 2020. Staff pay was 43% 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
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