Initiative Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 7,355,087 | 4,444,204 | 2,910,883 | 116.5 | 28% |
| 2012 | 7,839,704 | 4,010,100 | 3,829,604 | 150.6 | 34% |
| 2013 | 6,989,789 | 5,743,004 | 1,246,785 | 118.0 | 23% |
| 2014 | 7,957,974 | 5,001,709 | 2,956,265 | 138.9 | 30% |
| 2015 | 7,886,304 | 5,862,607 | 2,023,697 | 115.1 | 28% |
| 2016 | 6,922,150 | 5,948,697 | 973,453 | 119.2 | 32% |
| 2017 | 8,640,352 | 7,323,711 | 1,316,641 | 109.1 | 26% |
| 2018 | 9,272,619 | 5,924,226 | 3,348,393 | 130.1 | 33% |
| 2019 | 10,291,225 | 5,230,555 | 5,060,670 | 175.1 | 36% |
| 2020 | 21,753,358 | 15,318,248 | 6,435,110 | 69.2 | 13% |
| 2021 | 30,841,983 | 9,396,701 | 21,445,282 | 127.8 | 21% |
| 2022 | 18,836,412 | 16,266,746 | 2,569,666 | 67.4 | 13% |
| 2023 | 10,031,903 | 9,362,176 | 669,727 | 128.9 | 24% |
In its most recent public year (2023), this organization brought in $669,727 more than it spent. Its reserves stood at about 128.9 months of spending, up from 116.5 in 2011. Staff pay was 24% of spending. $46,072,254 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
Initiative Foundation'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