Independence First Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 33,534,089 | 33,129,601 | 404,488 | 6.7 | 78% |
| 2012 | 35,018,535 | 34,228,445 | 790,090 | 7.1 | 78% |
| 2013 | 35,136,554 | 49,951,462 | −14,814,908 | 1.4 | 55% |
| 2014 | 34,424,086 | 34,703,444 | −279,358 | 1.8 | 78% |
| 2015 | 30,781,183 | 32,172,620 | −1,391,437 | 1.4 | 77% |
| 2016 | 30,146,078 | 31,526,371 | −1,380,293 | 1.0 | 77% |
| 2017 | 29,885,106 | 30,734,474 | −849,368 | 0.7 | 76% |
| 2018 | 29,267,673 | 30,113,461 | −845,788 | 0.4 | 77% |
| 2019 | 30,373,260 | 28,768,365 | 1,604,895 | 2.0 | 77% |
| 2020 | 33,424,709 | 27,496,552 | 5,928,157 | 4.9 | 77% |
| 2021 | 27,006,891 | 25,342,992 | 1,663,899 | 6.3 | 78% |
| 2022 | 26,173,789 | 25,802,011 | 371,778 | 5.8 | 76% |
| 2023 | 25,211,248 | 24,937,959 | 273,289 | 6.5 | 74% |
In its most recent public year (2023), this organization brought in $273,289 more than it spent. Its reserves stood at about 6.5 months of spending. Staff pay was 74% of spending. $3,117,858 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
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