Life Insurance Council Of New York Incorporated
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 4,455,267 | 4,431,318 | 23,949 | 2.6 | 58% |
| 2012 | 4,571,614 | 4,662,082 | −90,468 | 1.6 | 57% |
| 2013 | 4,817,317 | 4,978,145 | −160,828 | 1.8 | 57% |
| 2014 | 5,096,524 | 5,076,001 | 20,523 | 0.5 | 57% |
| 2015 | 5,132,746 | 5,154,735 | −21,989 | 0.6 | 58% |
| 2016 | 5,316,590 | 4,896,077 | 420,513 | 1.8 | 51% |
| 2017 | 4,618,052 | 2,846,163 | 1,771,889 | 10.5 | 64% |
| 2018 | 4,803,531 | 2,931,043 | 1,872,488 | 15.7 | 63% |
| 2019 | 4,460,516 | 2,990,247 | 1,470,269 | 22.8 | 60% |
| 2020 | 4,084,295 | 3,459,719 | 624,576 | 22.3 | 59% |
| 2021 | 3,374,052 | 3,285,120 | 88,932 | 23.6 | 67% |
| 2022 | 3,510,054 | 3,384,724 | 125,330 | 21.9 | 59% |
| 2023 | 3,250,712 | 3,546,770 | −296,058 | 20.7 | 58% |
In its most recent public year (2023), this organization spent $296,058 more than it brought in. Its reserves stood at about 20.7 months of spending, up from 2.6 in 2011. Staff pay was 58% 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
Life Insurance Council Of New York Incorporated'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