Riggs Employees Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 193,651 | 238,083 | −44,432 | 13.0 | 0% |
| 2021 | 190,961 | 203,317 | −12,356 | 14.5 | 0% |
| 2022 | 213,001 | 238,494 | −25,493 | 11.1 | 0% |
| 2023 | 291,546 | 275,198 | 16,348 | 10.3 | 0% |
In its most recent public year (2023), this organization brought in $16,348 more than it spent. Its reserves stood at about 10.3 months of spending, down from 13 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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