Rainier Beach Community Empowerment
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 48,529 | 45,094 | 3,435 | 0.9 | — |
| 2016 | 273,168 | 205,912 | 67,256 | 4.2 | 0% |
| 2017 | 580,552 | 524,723 | 55,829 | 1.3 | 0% |
| 2020 | 1,302,110 | 632,215 | 669,895 | 12.7 | 57% |
| 2021 | 2,452,932 | 1,914,636 | 538,296 | 6.9 | 57% |
| 2022 | 3,563,589 | 3,229,671 | 333,918 | 5.3 | 37% |
| 2023 | 3,707,587 | 3,205,247 | 502,340 | 7.3 | 41% |
In its most recent public year (2023), this organization brought in $502,340 more than it spent. Its reserves stood at about 7.3 months of spending, up from 0.9 in 2010. Staff pay was 41% of spending. $24,856 of its net assets are donor-restricted.
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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