Rhode Island Hispanic Chamber Of Commerce
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 73,627 | 54,956 | 18,671 | 4.2 | 79% |
| 2019 | 105,841 | 103,339 | 2,502 | 2.5 | 78% |
| 2020 | 317,187 | 252,362 | 64,825 | 4.2 | 62% |
| 2021 | 601,967 | 374,176 | 227,791 | 10.1 | 50% |
| 2022 | 447,377 | 431,242 | 16,135 | 9.2 | 56% |
| 2023 | 635,579 | 568,070 | 67,509 | 8.4 | 48% |
In its most recent public year (2023), this organization brought in $67,509 more than it spent. Its reserves stood at about 8.4 months of spending, up from 4.2 in 2018. Staff pay was 48% 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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