Initiatives Of Change Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,439,129 | 1,342,136 | 96,993 | 61.7 | 48% |
| 2021 | 401,070 | 830,368 | −429,298 | 95.0 | 45% |
| 2022 | 446,298 | 672,704 | −226,406 | 102.0 | 37% |
| 2023 | 393,980 | 850,880 | −456,900 | 78.4 | 30% |
In its most recent public year (2023), this organization spent $456,900 more than it brought in. Its reserves stood at about 78.4 months of spending, up from 61.7 in 2020. Staff pay was 30% of spending. $752,518 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
A new entry when its next filing is released. No account, no email; works in any feed reader, Slack, or automation tool. How following works