Rende Progress Capital
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 220,008 | 85,385 | 134,623 | 18.9 | 84% |
| 2019 | 235,253 | 217,814 | 17,439 | 8.4 | 82% |
| 2020 | 1,812,309 | 312,798 | 1,499,511 | 63.4 | 72% |
| 2022 | 1,358,413 | 452,735 | 905,678 | 66.8 | 71% |
| 2023 | 814,275 | 466,921 | 347,354 | 73.7 | 63% |
In its most recent public year (2023), this organization brought in $347,354 more than it spent. Its reserves stood at about 73.7 months of spending, up from 18.9 in 2018. Staff pay was 63% of spending. $692,351 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
Rende Progress Capital'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