Rize Massachusetts Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 2,508,703 | 3,649,443 | −1,140,740 | 23.7 | 0% |
| 2021 | 5,500,563 | 3,116,818 | 2,383,745 | 36.9 | 0% |
| 2022 | 3,149,201 | 3,944,511 | −795,310 | 26.7 | 0% |
| 2023 | 1,456,351 | 3,921,667 | −2,465,316 | 19.4 | 26% |
In its most recent public year (2023), this organization spent $2,465,316 more than it brought in. Its reserves stood at about 19.4 months of spending, down from 23.7 in 2020. Staff pay was 26% of spending. $1,174,100 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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