Rhode Island Arts Foundation At Newport Incorporated
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 925,009 | 552,610 | 372,399 | 8.9 | 45% |
| 2021 | 1,351,505 | 882,400 | 469,105 | 12.0 | 38% |
| 2022 | 2,161,875 | 1,181,404 | 980,471 | 19.1 | 36% |
| 2023 | 1,656,137 | 1,323,540 | 332,597 | 20.4 | 35% |
| 2024 | 1,886,883 | 1,585,592 | 301,291 | 20.7 | 37% |
In its most recent public year (2024), this organization brought in $301,291 more than it spent. Its reserves stood at about 20.7 months of spending, up from 8.9 in 2020. Staff pay was 37% of spending. $172,500 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 2024. 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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