Independence Industries
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 470,499 | 471,889 | −1,390 | -11.6 | 17% |
| 2012 | 489,504 | 564,813 | −75,309 | -11.3 | 16% |
| 2013 | 505,220 | 535,944 | −30,724 | -12.6 | 17% |
| 2014 | 510,640 | 561,442 | −50,802 | -13.1 | 16% |
| 2015 | 518,224 | 559,387 | −41,163 | -14.0 | 18% |
| 2016 | 525,091 | 555,991 | −30,900 | -14.8 | 18% |
| 2017 | 534,257 | 595,532 | −61,275 | -15.1 | 17% |
| 2018 | 543,112 | 594,568 | −51,456 | -16.1 | 17% |
| 2019 | 561,807 | 571,578 | −9,771 | -17.0 | 17% |
| 2020 | 558,636 | 597,405 | −38,769 | -15.9 | 15% |
| 2021 | 570,206 | 546,284 | 23,922 | -16.6 | 17% |
| 2022 | 567,923 | 589,956 | −22,033 | -15.8 | 16% |
| 2023 | 591,976 | 554,281 | 37,695 | -16.0 | 17% |
In its most recent public year (2023), this organization brought in $37,695 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-16 months), down from -11.6 in 2011. Staff pay was 17% 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
Independence Industries'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