Independence I Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 18,665 | 25,078 | −6,413 | 156.6 | 0% |
| 2021 | 9,443 | 17,565 | −8,122 | 218.0 | 0% |
| 2022 | 20,510 | 25,841 | −5,331 | 145.7 | 0% |
| 2023 | 35,686 | 36,257 | −571 | 103.7 | 0% |
In its most recent public year (2023), this organization spent $571 more than it brought in. Its reserves stood at about 103.7 months of spending, down from 156.6 in 2020. Staff pay was 0% 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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