Ocean State Charity Events Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 208,726 | 202,636 | 6,090 | 0.4 | 0% |
| 2020 | 128,724 | 137,958 | −9,234 | -0.3 | 9% |
| 2021 | 210,233 | 228,656 | −18,423 | -1.1 | 6% |
| 2022 | 206,421 | 207,955 | −1,534 | -1.3 | 3% |
| 2023 | 245,942 | 250,478 | −4,536 | -1.3 | 1% |
In its most recent public year (2023), this organization spent $4,536 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-1.3 months), down from 0.4 in 2019. Staff pay was 1% 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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