Operating record

Insurance Library Association

Boston, MA · EIN 04-2104331 · files full Form 990 · latest public year 2023

YearMoney inMoney outResultReserve mo.Staffing
2020$668,613$674,550−$5,93740.349%
2021$563,797$659,000−$95,20346.349%
2022$624,934$676,769−$51,83537.148%
2023$612,995$690,901−$77,90637.143%

In its most recent public year (2023), this organization spent $77,906 more than it brought in. Its reserves stood at about 37.1 months of spending, down from 40.3 in 2020. Staff pay was 43% of spending. $1,814,451 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 ↗