Independence Associates Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,863,495 | 1,836,146 | 27,349 | 3.2 | 61% |
| 2021 | 1,841,824 | 1,707,930 | 133,894 | 4.4 | 60% |
| 2022 | 1,960,718 | 1,883,205 | 77,513 | 4.5 | 60% |
| 2023 | 2,155,265 | 2,007,830 | 147,435 | 5.1 | 56% |
In its most recent public year (2023), this organization brought in $147,435 more than it spent. Its reserves stood at about 5.1 months of spending, up from 3.2 in 2020. Staff pay was 56% of spending. $5,000 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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