Economic Development Foundation Of Rhode Island Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 363,981 | 503,663 | −139,682 | 124.8 | 60% |
| 2022 | 245,832 | 524,138 | −278,306 | 113.5 | 60% |
| 2023 | 522,042 | 888,178 | −366,136 | 62.1 | 38% |
| 2024 | 297,884 | 542,758 | −244,874 | 96.1 | 60% |
In its most recent public year (2024), this organization spent $244,874 more than it brought in. Its reserves stood at about 96.1 months of spending, down from 124.8 in 2021. Staff pay was 60% 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 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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