Richmond Promise Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2017 | 33,574,252 | 1,535,282 | 32,038,970 | 250.4 | 10% |
| 2018 | 685,617 | 1,136,108 | −450,491 | 330.5 | 20% |
| 2019 | 825,802 | 1,726,370 | −900,568 | 215.0 | 18% |
| 2020 | 619,034 | 1,557,048 | −938,014 | 230.7 | 17% |
| 2021 | 2,258,504 | 3,110,941 | −852,437 | 113.8 | 17% |
| 2022 | 881,299 | 3,059,795 | −2,178,496 | 94.2 | 18% |
| 2023 | 856,880 | 3,150,289 | −2,293,409 | 89.0 | 23% |
In its most recent public year (2023), this organization spent $2,293,409 more than it brought in. Its reserves stood at about 89 months of spending, down from 250.4 in 2017. Staff pay was 23% of spending. $2,478,331 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
Richmond Promise Inc's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works