Inspiring Minds Of New York City Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 219,515 | 125,416 | 94,099 | 8.8 | 43% |
| 2021 | 414,582 | 222,844 | 191,738 | 15.3 | 47% |
| 2022 | 502,990 | 443,928 | 59,062 | 9.3 | 45% |
| 2023 | 1,762,861 | 1,055,448 | 707,413 | 11.9 | 44% |
In its most recent public year (2023), this organization brought in $707,413 more than it spent. Its reserves stood at about 11.9 months of spending, up from 8.8 in 2020. Staff pay was 44% 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
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