Rhode Island Business Development Institute Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 28,430 | 4,318 | 24,112 | 112.6 | — |
| 2020 | 19,425 | 18,609 | 816 | 25.3 | — |
| 2021 | 85,544 | 16,482 | 69,062 | 71.6 | — |
| 2022 | 195,559 | 9,461 | 186,098 | 360.7 | 0% |
| 2023 | 240,388 | 5,181 | 235,207 | 1218.8 | 0% |
In its most recent public year (2023), this organization brought in $235,207 more than it spent. Its reserves stood at about 1218.8 months of spending, up from 112.6 in 2019. Staff pay was 0% 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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