Institute Of Black Invention & Technology Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 17,179 | 17,349 | −170 | 0.9 | — |
| 2012 | 7,475 | 8,555 | −1,080 | 8.7 | — |
| 2013 | 9,533 | 6,891 | 2,642 | 0.1 | — |
| 2014 | 8,650 | 9,100 | −450 | -0.5 | — |
| 2015 | 14,446 | 18,773 | −4,327 | 7.1 | — |
| 2016 | 12,882 | 12,955 | −73 | 10.3 | — |
| 2017 | 21,412 | 14,183 | 7,229 | 15.5 | — |
| 2018 | 9,721 | 11,437 | −1,716 | 17.4 | — |
| 2019 | 22,003 | 18,322 | 3,681 | 11.9 | — |
| 2020 | 3,299 | 3,809 | −510 | 61.8 | — |
| 2021 | 5,255 | 6,081 | −826 | 37.4 | — |
| 2022 | 6,521 | 6,411 | 110 | 35.7 | — |
| 2023 | 3,679 | 14,430 | −10,751 | 11.3 | — |
In its most recent public year (2023), this organization spent $10,751 more than it brought in. Its reserves stood at about 11.3 months of spending, up from 0.9 in 2011.
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
A new entry when its next filing is released. No account, no email; works in any feed reader, Slack, or automation tool. How following works