CSCharityScored
43

Rochester Area Economic Development Inc Redi

Other · Rochester, Minnesota

221 1St Ave Sw Ste 600, Rochester, MN 55902-3295

EIN: 363414363· Founded: Jan 1986· 40 years active· Filing Year: 2023

Annual Revenue

$1.7M

Total Expenses

$1.4M

Total Assets

$4.7M

Program Spending

26%

of expenses go to programs

Compensation & Payroll

Total Officer Compensation

$198K

14.4% of total expenses

All officers, directors, and key employees combined

Other Salaries & Wages

$596K

Total Payroll

$795K

58% of total expenses

Where the Money Goes

26%
Programs: 26%
Payroll: 58%
Other overhead: 74%
Program Revenue$360K (22%)
Total Expenses$1.4M (83%)
Payroll$795K (58%)
Overhead (non-program)74%

Trust Score Breakdown

Program Spending Ratio

26% of expenses go to programs

40%

Revenue & Stability

$1.7M annual revenue

15%

Executive Compensation

$198K total officer comp (14.4% of expenses)

20%

Filing Recency

Most recent filing: 2023

15%

Asset Strength

$4.7M in assets

10%

Data from IRS Form 990 filing (2023). Trust scores are calculated from public financial data and do not constitute endorsement or investment advice.