Economic Progress Institute
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 486,906 | 485,383 | 1,523 | 10.8 | 74% |
| 2012 | 549,027 | 596,266 | −47,239 | 7.8 | 66% |
| 2013 | 595,207 | 537,754 | 57,453 | 10.0 | 68% |
| 2014 | 503,154 | 511,166 | −8,012 | 10.3 | 68% |
| 2015 | 585,040 | 480,692 | 104,348 | 13.6 | 62% |
| 2016 | 498,011 | 510,057 | −12,046 | 12.5 | 66% |
| 2017 | 491,834 | 541,845 | −50,011 | 10.7 | 63% |
| 2018 | 545,111 | 551,311 | −6,200 | 10.3 | 64% |
| 2019 | 640,273 | 576,065 | 64,208 | 11.2 | 62% |
| 2020 | 717,885 | 695,545 | 22,340 | 9.7 | 68% |
| 2021 | 686,138 | 690,340 | −4,202 | 9.7 | 65% |
| 2022 | 643,357 | 684,499 | −41,142 | 9.1 | 62% |
| 2023 | 1,023,304 | 689,201 | 334,103 | 14.8 | 62% |
In its most recent public year (2023), this organization brought in $334,103 more than it spent. Its reserves stood at about 14.8 months of spending, up from 10.8 in 2011. Staff pay was 62% of spending. $405,372 of its net assets are donor-restricted.
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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