Long Island Contractors Association Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 360,355 | 622,241 | −261,886 | -60.5 | 35% |
| 2021 | 399,466 | 698,353 | −298,887 | -59.0 | 32% |
| 2022 | 435,845 | 830,717 | −394,872 | -55.3 | 29% |
| 2023 | 397,137 | 880,722 | −483,585 | -58.8 | 29% |
In its most recent public year (2023), this organization spent $483,585 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-58.8 months), up from -60.5 in 2020. Staff pay was 29% 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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