Iota Phi Lambda Sorority Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 191,820 | 96,302 | 95,518 | 18.3 | 9% |
| 2020 | 234,014 | 96,030 | 137,984 | 11.8 | 9% |
In its most recent public year (2020), this organization brought in $137,984 more than it spent. Its reserves stood at about 11.8 months of spending, down from 18.3 in 2019. Staff pay was 9% 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 2020. 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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