RFF is committed to transparency and accountability in its financial reporting and is dedicated to providing the maximum research value for our donors. Please see our annual reports and other financial documentation below for more on our expenses and revenue sources.
2017 Revenue and Expenses Breakdown
In fiscal year 2017, RFF’s operating revenue was $12.2 million, 77 percent of which came from individual contributions, foundation grants, corporate contributions, and grants from governments and other organizations. RFF augments its income with an annual investment from its reserve fund to support operations. At the end of fiscal year 2017, RFF’s reserve fund was valued at $56.5 million.
RFF research and educational programs continued to be vital in 2017, representing 69 percent of total expenses. Management, administration, and development expenses combined were 21 percent of the total. The balance is related to facilities rented to other nonprofit organizations.