Racine County Economic Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 2,026,860 | 2,249,222 | −222,362 | 64.2 | 35% |
| 2021 | 4,460,005 | 2,311,711 | 2,148,294 | 50.6 | 39% |
| 2022 | 3,305,317 | 1,941,358 | 1,363,959 | 68.7 | 57% |
| 2023 | 2,577,707 | 2,020,221 | 557,486 | 69.3 | 53% |
In its most recent public year (2023), this organization brought in $557,486 more than it spent. Its reserves stood at about 69.3 months of spending, up from 64.2 in 2020. Staff pay was 53% of spending. $76,130 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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