Initiative For A Competitive Inner City Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 3,478,992 | 4,349,090 | −870,098 | 8.7 | 48% |
| 2012 | 3,283,058 | 4,070,309 | −787,251 | 8.2 | 49% |
| 2013 | 3,496,981 | 3,650,057 | −153,076 | 10.1 | 38% |
| 2014 | 3,469,061 | 2,819,604 | 649,457 | 18.1 | 46% |
| 2015 | 3,149,267 | 3,106,759 | 42,508 | 20.1 | 56% |
| 2016 | 4,379,590 | 3,490,251 | 889,339 | 21.5 | 55% |
| 2017 | 4,932,326 | 4,348,578 | 583,748 | 20.4 | 53% |
| 2018 | 5,543,213 | 5,824,778 | −281,565 | 13.2 | 49% |
| 2019 | 6,529,016 | 6,280,711 | 248,305 | 13.5 | 47% |
| 2020 | 8,178,746 | 5,371,662 | 2,807,084 | 21.5 | 57% |
| 2021 | 6,700,624 | 6,336,872 | 363,752 | 20.1 | 57% |
| 2022 | 11,628,829 | 9,988,962 | 1,639,867 | 13.4 | 44% |
| 2023 | 9,070,017 | 9,667,573 | −597,556 | 13.9 | 47% |
In its most recent public year (2023), this organization spent $597,556 more than it brought in. Its reserves stood at about 13.9 months of spending, up from 8.7 in 2011. Staff pay was 47% of spending. $2,048,951 of its net assets are donor-restricted.
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
Initiative For A Competitive Inner City Inc'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