The Rhode Island Community Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 101,831,307 | 87,764,346 | 14,066,961 | 151.8 | 6% |
| 2021 | 194,702,159 | 86,255,256 | 108,446,903 | 186.7 | 7% |
| 2022 | 94,559,880 | 94,070,249 | 489,631 | 146.8 | 6% |
| 2023 | 87,701,485 | 102,860,359 | −15,158,874 | 145.7 | 7% |
In its most recent public year (2023), this organization spent $15,158,874 more than it brought in. Its reserves stood at about 145.7 months of spending, down from 151.8 in 2020. Staff pay was 7% of spending. $8,277,937 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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