Rhode Island Manufacturing Institute
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2014 | 72,454 | 85,015 | −12,561 | -1.8 | — |
| 2015 | 101,450 | 105,312 | −3,862 | -1.9 | — |
| 2017 | 106,410 | 75,423 | 30,987 | 3.3 | — |
| 2018 | 567,276 | 657,940 | −90,664 | -1.3 | 46% |
| 2019 | 693,524 | 700,416 | −6,892 | 1.1 | 63% |
| 2020 | 573,339 | 659,955 | −86,616 | -0.5 | 55% |
| 2021 | 840,993 | 767,889 | 73,104 | 0.7 | 59% |
| 2022 | 1,092,808 | 878,890 | 213,918 | 3.6 | 61% |
| 2023 | 1,013,281 | 904,150 | 109,131 | 4.9 | 62% |
In its most recent public year (2023), this organization brought in $109,131 more than it spent. Its reserves stood at about 4.9 months of spending, up from -1.8 in 2014. Staff pay was 62% of spending.
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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