Independent Insurance Agents Of Nj
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,477,111 | 1,515,423 | −38,312 | 29.1 | 8% |
| 2012 | 1,469,697 | 1,415,629 | 54,068 | 31.6 | 10% |
| 2013 | 1,405,294 | 1,472,644 | −67,350 | 29.8 | 10% |
| 2014 | 1,674,374 | 1,485,103 | 189,271 | 31.1 | 10% |
| 2015 | 1,538,921 | 1,449,731 | 89,190 | 32.6 | 10% |
| 2016 | 1,446,117 | 1,473,248 | −27,131 | 31.8 | 11% |
| 2017 | 1,456,940 | 1,432,097 | 24,843 | 32.9 | 12% |
| 2018 | 1,495,924 | 1,365,917 | 130,007 | 35.7 | 13% |
| 2019 | 1,468,164 | 1,469,857 | −1,693 | 33.1 | 12% |
| 2020 | 1,240,704 | 1,374,810 | −134,106 | 34.3 | 39% |
| 2021 | 2,227,761 | 1,218,510 | 1,009,251 | 48.6 | 41% |
| 2022 | 772,064 | 1,235,326 | −463,262 | 43.4 | 37% |
| 2023 | 1,168,936 | 1,405,829 | −236,893 | 36.1 | 36% |
In its most recent public year (2023), this organization spent $236,893 more than it brought in. Its reserves stood at about 36.1 months of spending, up from 29.1 in 2011. Staff pay was 36% 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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