The Independence Fund Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 392,335 | 358,394 | 33,941 | 2.1 | 0% |
| 2012 | 614,164 | 623,438 | −9,274 | 1.0 | 0% |
| 2013 | 19,315,353 | 4,917,666 | 14,397,687 | 35.2 | 0% |
| 2014 | 16,015,189 | 15,579,497 | 435,692 | 11.5 | 1% |
| 2015 | 13,414,286 | 15,023,949 | −1,609,663 | 10.6 | 1% |
| 2016 | 9,130,188 | 11,616,779 | −2,486,591 | 11.5 | 6% |
| 2017 | 5,441,653 | 8,344,698 | −2,903,045 | 12.5 | 10% |
| 2018 | 2,716,829 | 4,118,297 | −1,401,468 | 21.2 | 13% |
| 2019 | 6,457,795 | 9,370,611 | −2,912,816 | 5.5 | 19% |
| 2020 | 5,645,725 | 4,972,717 | 673,008 | 11.6 | 31% |
| 2021 | 7,884,607 | 5,632,323 | 2,252,284 | 16.3 | 28% |
| 2022 | 8,567,110 | 8,100,266 | 466,844 | 10.8 | 23% |
| 2023 | 12,475,650 | 13,307,657 | −832,007 | 5.9 | 25% |
In its most recent public year (2023), this organization spent $832,007 more than it brought in. Its reserves stood at about 5.9 months of spending, up from 2.1 in 2011. Staff pay was 25% 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
The Independence Fund Inc's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works