Rock River Development Partnership Inc

Analysis

Rock River Development Partnership Inc is a registered charity in United States, based in Rockford, IL. It received its IRS tax-exemption ruling in February 2011, 15 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Rock River Development Partnership Inc reported income of $594k and spending of $805k, spending 136% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $756k to $594k (-21%), an average of -5.9% a year. The sharpest change came in the year to December 2021, when income dropped by 34%. Over the whole period it spent 114% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Rock River Development Partnership Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within IL. Charities of a similar size with the same main cause include Greater Jamaica Local Development Corp Inc ($594k), Houston International Initiatives ($594k) and Hands on Birmingham Inc ($593k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 22% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $106k (13% of expenses). Other salaries and wages came to $92k. At year end it held assets of $8.3m against liabilities of $5.4m, net assets of $2.8m. It reported 20 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.