Commons Of Providence
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 6,365,940 | 5,621,485 | 744,455 | 23.4 | 43% |
| 2021 | 6,231,673 | 6,259,180 | −27,507 | 21.3 | 46% |
| 2022 | 6,277,418 | 6,883,778 | −606,360 | 17.9 | 47% |
| 2023 | 5,824,244 | 6,612,369 | −788,125 | 17.3 | 48% |
In its most recent public year (2023), this organization spent $788,125 more than it brought in. Its reserves stood at about 17.3 months of spending, down from 23.4 in 2020. Staff pay was 48% of spending. $9,744 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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