Rifle Economic Development Corporation

Organization Overview

Rifle Economic Development Corporation is located in Rifle, CO. The organization was established in 2007. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rifle Economic Development Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2022, Rifle Economic Development Corporation generated $102.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (8.7%) each year. All expenses for the organization totaled $96.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (11.9%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990EZ Filing

TAX YEAR

2022

Describe the Organization's Program Activity:

Part 3

PURPOSE OF THE ORGANIZATION IS TO PROMOTE ECONOMIC DEVELOPMENT.


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Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$83,079
Total Program Service Revenue$0
Membership dues$0
Investment income $25,064
Gain or Loss$0
Net Income from Gaming & Fundraising-$5,478
Other Revenue$0
Total Revenue$102,665

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