Rice Medical Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 23 | 19,378 | −19,355 | 187.9 | 0% |
| 2021 | 2 | 19,298 | −19,296 | 176.7 | 0% |
| 2022 | 0 | 19,248 | −19,248 | 165.2 | 0% |
| 2023 | 7,044,060 | 70,649 | 6,973,411 | 1229.5 | 0% |
| 2024 | 0 | 151,073 | −151,073 | 563.0 | 0% |
In its most recent public year (2024), this organization spent $151,073 more than it brought in. Its reserves stood at about 563 months of spending, up from 187.9 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 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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