Based on figures from our accountant’s* most recent audit, the RFC’s expenses in 2023 totaled $798,637 (including grants awarded); $647,964 (81%) of this was for “Program”, $77,5053 (10%) was spent on “Fundraising”; and $73,168 (9%) went to “Management and General.” Our 2023 audit is available as a PDF below along with our 990 tax form.
Revenue in 2023 totaled $1,027,505 (not including unrealized gains on investments). Contributions accounted for $531,486 with an additional $67,923 from Investment income (net); $179,407 from Planned Giving; $223,142 from Realized Gains on Investments (net); $23,407 from the 70th anniversary events and $2140 from Speaker fees & Other Income.
*The RFC’s 2023 audit was conducted by Boisselle, Morton & Wolkowicz, LLP, Certified Public Accountants, Hadley, Massachusetts