Ielts Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 2,189,012 | 1,921,256 | 267,756 | -0.6 | 18% |
| 2011 | 3,532,194 | 2,796,143 | 736,051 | 2.7 | 13% |
| 2012 | 4,836,467 | 4,090,660 | 745,807 | 4.0 | 12% |
| 2013 | 6,036,191 | 4,912,516 | 1,123,675 | 6.1 | 12% |
| 2014 | 6,490,770 | 5,385,201 | 1,105,569 | 8.0 | 12% |
| 2015 | 7,168,665 | 7,105,938 | 62,727 | 6.2 | 14% |
| 2016 | 6,295,983 | 6,201,971 | 94,012 | 7.3 | 21% |
| 2017 | 6,422,706 | 5,875,744 | 546,962 | 8.8 | 21% |
| 2018 | 9,211,021 | 7,539,318 | 1,671,703 | 9.5 | 16% |
| 2019 | 10,162,314 | 9,951,777 | 210,537 | 7.5 | 16% |
| 2020 | 4,379,207 | 5,287,273 | −908,066 | 12.0 | 32% |
| 2021 | 6,329,135 | 5,956,519 | 372,616 | 11.4 | 34% |
| 2022 | 3,273,106 | 4,777,619 | −1,504,513 | 10.4 | 39% |
| 2023 | 3,443,171 | 5,059,017 | −1,615,846 | 6.0 | 39% |
In its most recent public year (2023), this organization spent $1,615,846 more than it brought in. Its reserves stood at about 6 months of spending, up from -0.6 in 2010. Staff pay was 39% 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
Ielts 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