Island Housing Trust Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 4,899,334 | 2,217,411 | 2,681,923 | 99.0 | 21% |
| 2021 | 5,778,836 | 2,738,182 | 3,040,654 | 93.5 | 26% |
| 2022 | 5,890,388 | 3,058,527 | 2,831,861 | 94.8 | 29% |
| 2023 | 5,790,854 | 4,383,899 | 1,406,955 | 70.2 | 26% |
In its most recent public year (2023), this organization brought in $1,406,955 more than it spent. Its reserves stood at about 70.2 months of spending, down from 99 in 2020. Staff pay was 26% of spending. $2,977,437 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
A new entry when its next filing is released. No account, no email; works in any feed reader, Slack, or automation tool. How following works