Rhode Island Construction Industry Advancement Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 521,416 | 448,548 | 72,868 | 67.2 | 0% |
| 2021 | 660,891 | 626,754 | 34,137 | 51.7 | 0% |
| 2022 | 581,788 | 626,649 | −44,861 | 41.1 | 0% |
| 2023 | 748,377 | 748,032 | 345 | 37.9 | 0% |
In its most recent public year (2023), this organization brought in $345 more than it spent. Its reserves stood at about 37.9 months of spending, down from 67.2 in 2020. 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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