Greater Rockford Italian American Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 49,542 | 31,592 | 17,950 | 88.6 | 0% |
| 2012 | 25,470 | 31,340 | −5,870 | 87.1 | 0% |
| 2013 | 44,795 | 26,860 | 17,935 | 109.6 | 0% |
| 2014 | 8,641 | 33,256 | −24,615 | 79.7 | 0% |
| 2015 | 31,332 | 26,767 | 4,565 | 101.0 | 0% |
| 2016 | 20,785 | 28,661 | −7,876 | 91.1 | 0% |
| 2017 | −50,787 | 25,771 | −76,558 | 65.6 | 0% |
| 2018 | 13,611 | 11,278 | 2,333 | 152.4 | 0% |
| 2019 | 29,853 | 21,431 | 8,422 | 84.9 | 0% |
| 2020 | 8,779 | 18,674 | −9,895 | 91.1 | — |
| 2021 | 31,573 | 16,002 | 15,571 | 118.0 | 0% |
| 2022 | 19,049 | 15,915 | 3,134 | 121.0 | 0% |
| 2023 | 53,601 | 21,569 | 32,032 | 107.1 | 0% |
In its most recent public year (2023), this organization brought in $32,032 more than it spent. Its reserves stood at about 107.1 months of spending, up from 88.6 in 2011. Staff pay was 0% 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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