Russell Innovation Center For Entrepreneurs Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2016 | 5,336,670 | 427,053 | 4,909,617 | 138.0 | 0% |
| 2017 | 155,192 | 590,450 | −435,258 | 91.4 | 0% |
| 2018 | 2,706,198 | 784,610 | 1,921,588 | 98.2 | 19% |
| 2019 | 3,242,626 | 1,206,167 | 2,036,459 | 84.1 | 14% |
| 2020 | 3,037,426 | 1,897,651 | 1,139,775 | 60.7 | 20% |
| 2021 | 9,072,660 | 3,164,739 | 5,907,921 | 58.8 | 28% |
| 2022 | 3,437,415 | 4,538,454 | −1,101,039 | 36.3 | 26% |
| 2023 | 17,312,188 | 9,337,231 | 7,974,957 | 27.9 | 29% |
In its most recent public year (2023), this organization brought in $7,974,957 more than it spent. Its reserves stood at about 27.9 months of spending, down from 138 in 2016. Staff pay was 29% of spending. $9,896,438 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 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
Russell Innovation Center For Entrepreneurs Inc'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