North Carolina Insurance Guaranty Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 27,957,673 | 19,370,315 | 8,587,358 | 68.6 | 9% |
| 2021 | 22,094,183 | 12,411,907 | 9,682,276 | 116.5 | 15% |
| 2022 | 25,291,670 | 29,171,088 | −3,879,418 | 48.0 | 7% |
| 2023 | 31,484,715 | 16,499,358 | 14,985,357 | 95.7 | 16% |
In its most recent public year (2023), this organization brought in $14,985,357 more than it spent. Its reserves stood at about 95.7 months of spending, up from 68.6 in 2020. Staff pay was 16% 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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