Islamic Institute Of Torrance
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 54,492 | 46,169 | 8,323 | 29.9 | — |
| 2012 | 57,500 | 53,912 | 3,588 | 26.4 | — |
| 2013 | 42,196 | 43,863 | −1,667 | 32.0 | — |
| 2014 | 55,829 | 56,347 | −518 | 1.4 | — |
| 2015 | 57,570 | 38,443 | 19,127 | 8.0 | — |
| 2016 | 61,060 | 44,790 | 16,270 | 11.2 | — |
| 2017 | 393,047 | 86,359 | 306,688 | 48.4 | 22% |
| 2018 | 603,044 | 35,978 | 567,066 | 305.4 | 55% |
| 2019 | 373,560 | 58,317 | 315,243 | 253.3 | 35% |
| 2020 | 59,296 | 40,169 | 19,127 | 373.4 | 52% |
| 2021 | 119,412 | 45,062 | 74,350 | 352.7 | 56% |
| 2022 | 107,792 | 52,406 | 55,386 | 315.9 | 67% |
| 2023 | 124,509 | 65,805 | 58,704 | 262.3 | 47% |
In its most recent public year (2023), this organization brought in $58,704 more than it spent. Its reserves stood at about 262.3 months of spending, up from 29.9 in 2011. Staff pay was 47% 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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