Island Grown Initiative Ltd
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 252,854 | 153,400 | 99,454 | 11.1 | 0% |
| 2012 | 3,750,916 | 227,458 | 3,523,458 | 193.4 | 0% |
| 2013 | 689,869 | 519,186 | 170,683 | 88.7 | 51% |
| 2014 | 1,071,586 | 912,342 | 159,244 | 52.6 | 45% |
| 2015 | 904,497 | 927,770 | −23,273 | 51.4 | 51% |
| 2016 | 984,831 | 997,721 | −12,890 | 47.6 | 54% |
| 2017 | 1,238,293 | 1,236,543 | 1,750 | 38.4 | 53% |
| 2018 | 1,407,063 | 1,408,375 | −1,312 | 33.8 | 56% |
| 2019 | 1,717,292 | 1,517,120 | 200,172 | 32.5 | 55% |
| 2020 | 2,220,519 | 1,830,862 | 389,657 | 29.5 | 52% |
| 2021 | 3,594,169 | 2,444,626 | 1,149,543 | 36.3 | 50% |
| 2022 | 6,097,130 | 2,949,687 | 3,147,443 | 42.7 | 54% |
| 2023 | 7,074,716 | 3,093,905 | 3,980,811 | 56.1 | 53% |
In its most recent public year (2023), this organization brought in $3,980,811 more than it spent. Its reserves stood at about 56.1 months of spending, up from 11.1 in 2011. Staff pay was 53% of spending. $2,554,040 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
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