Floorcovering Industry Improvement Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 161,873 | 109,120 | 52,753 | 46.9 | 0% |
| 2021 | 180,113 | 80,000 | 100,113 | 79.0 | 0% |
| 2022 | 201,479 | 145,000 | 56,479 | 48.2 | 0% |
| 2023 | 196,751 | 135,000 | 61,751 | 57.3 | 0% |
In its most recent public year (2023), this organization brought in $61,751 more than it spent. Its reserves stood at about 57.3 months of spending, up from 46.9 in 2020. Staff pay was 0% 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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