Racine Revitalization Partnership
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 176,948 | 227,163 | −50,215 | 8.5 | 36% |
| 2021 | 151,922 | 171,709 | −19,787 | 9.9 | 42% |
| 2022 | 213,434 | 161,782 | 51,652 | 14.4 | 40% |
| 2023 | 151,925 | 163,146 | −11,221 | 13.4 | 42% |
In its most recent public year (2023), this organization spent $11,221 more than it brought in. Its reserves stood at about 13.4 months of spending, up from 8.5 in 2020. Staff pay was 42% of spending. $85,282 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
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