Rice Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 387,182 | 461,599 | −74,417 | 25.1 | 0% |
| 2021 | 340,690 | 393,823 | −53,133 | 27.8 | 0% |
| 2022 | 390,386 | 348,829 | 41,557 | 32.8 | 0% |
| 2023 | 659,321 | 423,265 | 236,056 | 33.7 | 0% |
In its most recent public year (2023), this organization brought in $236,056 more than it spent. Its reserves stood at about 33.7 months of spending, up from 25.1 in 2020. Staff pay was 0% of spending. $723,398 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 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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