Rave Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,524,743 | 1,519,897 | 4,846 | 1.4 | 14% |
| 2021 | 1,049,128 | 647,036 | 402,092 | 10.6 | 30% |
| 2022 | 1,260,364 | 1,530,905 | −270,541 | 2.4 | 15% |
| 2023 | 1,850,484 | 1,328,954 | 521,530 | 7.5 | 26% |
In its most recent public year (2023), this organization brought in $521,530 more than it spent. Its reserves stood at about 7.5 months of spending, up from 1.4 in 2020. Staff pay was 26% 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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