Rhode Island Black Business Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 8,872 | 6,438 | 2,434 | 6.7 | — |
| 2012 | 59,554 | 28,179 | 31,375 | 14.5 | — |
| 2013 | 51,897 | 42,566 | 9,331 | 12.2 | — |
| 2016 | 83,578 | 66,727 | 16,851 | 16.5 | — |
| 2017 | 109,295 | 117,266 | −7,971 | 8.6 | — |
| 2018 | 100,340 | 80,557 | 19,783 | 15.4 | — |
| 2019 | 187,804 | 87,088 | 100,716 | 28.1 | — |
| 2020 | 162,609 | 186,406 | −23,797 | 11.6 | — |
| 2021 | 497,184 | 451,503 | 45,681 | 6.0 | 49% |
| 2022 | 986,623 | 798,585 | 188,038 | 19.6 | 53% |
| 2023 | 1,577,829 | 1,159,570 | 418,259 | 7.9 | 57% |
In its most recent public year (2023), this organization brought in $418,259 more than it spent. Its reserves stood at about 7.9 months of spending, up from 6.7 in 2011. Staff pay was 57% 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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