Independence Charter School
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 9,956,632 | 9,051,743 | 904,889 | 4.9 | 50% |
| 2012 | 9,872,202 | 8,866,908 | 1,005,294 | 6.3 | 49% |
| 2013 | 9,507,784 | 9,032,765 | 475,019 | 6.8 | 47% |
| 2014 | 9,977,776 | 9,462,501 | 515,275 | 7.2 | 47% |
| 2015 | 9,460,197 | 10,021,114 | −560,917 | -8.7 | 43% |
| 2016 | 9,812,032 | 10,160,033 | −348,001 | -9.0 | 43% |
| 2017 | 10,254,610 | 10,522,326 | −267,716 | -9.0 | 43% |
| 2018 | 11,171,239 | 10,659,289 | 511,950 | -9.0 | 44% |
| 2019 | 12,778,304 | 11,341,044 | 1,437,260 | -6.9 | 43% |
| 2020 | 13,362,863 | 11,645,806 | 1,717,057 | -5.0 | 46% |
| 2021 | 14,425,850 | 12,821,782 | 1,604,068 | -2.9 | 42% |
| 2022 | 15,900,595 | 16,689,445 | −788,850 | -2.8 | 36% |
| 2023 | 17,137,299 | 18,721,305 | −1,584,006 | -3.5 | 37% |
In its most recent public year (2023), this organization spent $1,584,006 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-3.5 months), down from 4.9 in 2011. Staff pay was 37% 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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