Independence Works Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 1,112,227 | 1,111,480 | 747 | 2.1 | 78% |
| 2020 | 1,344,804 | 1,331,489 | 13,315 | 1.9 | 79% |
| 2021 | 1,423,189 | 1,251,086 | 172,103 | 3.6 | 78% |
| 2022 | 1,798,472 | 1,413,514 | 384,958 | 6.5 | 77% |
| 2023 | 1,745,060 | 1,820,562 | −75,502 | 4.5 | 75% |
In its most recent public year (2023), this organization spent $75,502 more than it brought in. Its reserves stood at about 4.5 months of spending, up from 2.1 in 2019. Staff pay was 75% 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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