Intellectual Property Law Assoc Of Chicago
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 64,851 | 75,244 | −10,393 | 27.9 | 0% |
| 2021 | 142,052 | 72,994 | 69,058 | 35.1 | 0% |
| 2022 | 222,197 | 160,350 | 61,847 | 19.9 | 0% |
| 2023 | 213,133 | 181,188 | 31,945 | 20.0 | 0% |
In its most recent public year (2023), this organization brought in $31,945 more than it spent. Its reserves stood at about 20 months of spending, down from 27.9 in 2020. 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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