Italian Home For Children Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 10,970,337 | 11,064,990 | −94,653 | 11.1 | 64% |
| 2013 | 13,506,598 | 14,358,723 | −852,125 | 8.1 | 66% |
| 2014 | 14,459,497 | 14,346,376 | 113,121 | 8.7 | 66% |
| 2015 | 14,392,308 | 15,870,937 | −1,478,629 | 6.4 | 66% |
| 2016 | 14,836,635 | 15,482,760 | −646,125 | 6.1 | 65% |
| 2017 | 12,872,172 | 13,971,358 | −1,099,186 | 5.8 | 66% |
| 2018 | 14,412,214 | 15,499,992 | −1,087,778 | 4.4 | 68% |
| 2019 | 15,311,300 | 14,981,161 | 330,139 | 4.8 | 69% |
| 2020 | 12,532,414 | 13,453,313 | −920,899 | 4.5 | 66% |
| 2021 | 16,604,847 | 15,119,134 | 1,485,713 | 5.2 | 66% |
| 2022 | 16,833,974 | 14,311,934 | 2,522,040 | 7.5 | 63% |
| 2023 | 16,117,930 | 15,899,683 | 218,247 | 7.0 | 62% |
In its most recent public year (2023), this organization brought in $218,247 more than it spent. Its reserves stood at about 7 months of spending, down from 11.1 in 2012. Staff pay was 62% of spending. $1,188,403 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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