Rhode Island Bar Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 975,173 | 716,261 | 258,912 | 72.3 | 12% |
| 2022 | 1,169,825 | 746,159 | 423,666 | 68.2 | 10% |
| 2023 | 2,552,390 | 713,041 | 1,839,349 | 105.6 | 9% |
| 2024 | 3,939,518 | 1,301,558 | 2,637,960 | 87.6 | 5% |
In its most recent public year (2024), this organization brought in $2,637,960 more than it spent. Its reserves stood at about 87.6 months of spending, up from 72.3 in 2021. Staff pay was 5% of spending. $8,544,684 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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