CSCharityScored
73

Rockford Local Development Corporation

Other · Rockford, Illinois

120 W State St Ste 306, Rockford, IL 61101-1199

EIN: 363038678· Founded: 0000· 2026 years active· Filing Year: 2023

Annual Revenue

$1.9M

Total Expenses

$1.1M

Total Assets

$3.9M

Program Spending

77%

of expenses go to programs

Compensation & Payroll

Total Officer Compensation

$232K

20.6% of total expenses

All officers, directors, and key employees combined

Other Salaries & Wages

$307K

Total Payroll

$538K

48% of total expenses

Where the Money Goes

77%
Programs: 77%
Payroll: 48%
Other overhead: 23%
Program Revenue$870K (45%)
Total Expenses$1.1M (59%)
Payroll$538K (48%)
Overhead (non-program)23%

Trust Score Breakdown

Program Spending Ratio

77% of expenses go to programs

40%

Revenue & Stability

$1.9M annual revenue

15%

Executive Compensation

$232K total officer comp (20.6% of expenses)

20%

Filing Recency

Most recent filing: 2023

15%

Asset Strength

$3.9M 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.