Iit Research Institute
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 18,913,000 | 18,663,000 | 250,000 | 8.6 | 31% |
| 2012 | 15,823,000 | 15,256,000 | 567,000 | 11.0 | 36% |
| 2013 | 15,673,000 | 15,296,000 | 377,000 | 11.3 | 37% |
| 2014 | 17,603,000 | 16,808,000 | 795,000 | 10.8 | 35% |
| 2015 | 18,100,000 | 17,422,000 | 678,000 | 10.9 | 33% |
| 2016 | 20,818,000 | 20,561,000 | 257,000 | 9.4 | 31% |
| 2017 | 19,817,000 | 19,597,000 | 220,000 | 10.0 | 32% |
| 2018 | 19,360,000 | 19,036,000 | 324,000 | 10.4 | 33% |
| 2019 | 23,233,000 | 22,345,000 | 888,000 | 9.4 | 31% |
| 2020 | 26,941,000 | 25,017,000 | 1,924,000 | 9.4 | 30% |
| 2021 | 29,119,000 | 25,975,000 | 3,144,000 | 10.5 | 32% |
| 2022 | 29,871,000 | 25,493,000 | 4,378,000 | 12.7 | 33% |
| 2023 | 27,838,000 | 25,988,000 | 1,850,000 | 13.4 | 36% |
In its most recent public year (2023), this organization brought in $1,850,000 more than it spent. Its reserves stood at about 13.4 months of spending, up from 8.6 in 2011. Staff pay was 36% 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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