Ikan Incorporated
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 2,068,691 | 2,003,742 | 64,949 | 0.9 | 55% |
| 2021 | 3,857,816 | 3,844,379 | 13,437 | 0.5 | 55% |
| 2022 | 4,729,678 | 5,235,555 | −505,877 | -0.8 | 60% |
| 2023 | 4,597,361 | 4,781,090 | −183,729 | -0.5 | 58% |
In its most recent public year (2023), this organization spent $183,729 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-0.5 months), down from 0.9 in 2020. Staff pay was 58% 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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