Rock And Soul Forever Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 1,850,913 | 1,650,668 | 200,245 | 11.9 | 53% |
| 2022 | 2,673,115 | 1,887,440 | 785,675 | 15.4 | 53% |
| 2023 | 1,326,016 | 2,433,538 | −1,107,522 | 6.5 | 11% |
In its most recent public year (2023), this organization spent $1,107,522 more than it brought in. Its reserves stood at about 6.5 months of spending, down from 11.9 in 2021. Staff pay was 11% of spending. $701,242 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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