Textile Research Institute
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 4,159,062 | 3,450,768 | 708,294 | 6.5 | 53% |
| 2021 | 5,113,874 | 4,185,052 | 928,822 | 8.0 | 55% |
| 2022 | 5,938,854 | 4,918,564 | 1,020,290 | 9.1 | 54% |
| 2023 | 6,154,539 | 7,576,226 | −1,421,687 | 3.8 | 38% |
In its most recent public year (2023), this organization spent $1,421,687 more than it brought in. Its reserves stood at about 3.8 months of spending, down from 6.5 in 2020. Staff pay was 38% 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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