Rags For Riches Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 126,112 | 148,514 | −22,402 | 4.7 | 0% |
| 2012 | 231,240 | 185,378 | 45,862 | 6.7 | 0% |
| 2013 | 303,311 | 280,360 | 22,951 | 5.4 | 0% |
| 2014 | 284,438 | 218,022 | 66,416 | 10.6 | 0% |
| 2015 | 1,231,447 | 31,126 | 1,200,321 | 99.6 | 0% |
| 2016 | 335,415 | 412,191 | −76,776 | 5.3 | 0% |
| 2017 | 320,269 | 365,452 | −45,183 | 4.5 | 0% |
| 2018 | 227,100 | 235,863 | −8,763 | 6.5 | 0% |
| 2019 | 333,393 | 273,746 | 59,647 | 8.2 | 0% |
| 2020 | 107,429 | 150,130 | −42,701 | 11.6 | 0% |
| 2021 | 233,008 | 39,537 | 193,471 | 102.6 | 0% |
| 2022 | 80,576 | 244,076 | −163,500 | 8.6 | 0% |
| 2023 | 69,543 | 136,799 | −67,256 | 9.4 | 0% |
In its most recent public year (2023), this organization spent $67,256 more than it brought in. Its reserves stood at about 9.4 months of spending, up from 4.7 in 2011. Staff pay was 0% 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
Rags For Riches Foundation'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