Insurance Fraud Bureau Of Massachusetts
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 8,926,481 | 8,856,083 | 70,398 | 0.1 | 44% |
| 2012 | 8,913,269 | 8,880,997 | 32,272 | 0.0 | 44% |
| 2013 | 9,560,275 | 9,204,618 | 355,657 | 0.0 | 5% |
| 2014 | 9,674,271 | 9,322,075 | 352,196 | 0.0 | 44% |
| 2015 | 9,571,650 | 5,217,670 | 4,353,980 | 0.0 | 0% |
| 2016 | 9,507,158 | 9,605,106 | −97,948 | 0.0 | 43% |
| 2017 | 10,227,366 | 9,775,646 | 451,720 | 0.0 | 44% |
| 2018 | 10,542,215 | 10,030,292 | 511,923 | 0.0 | 45% |
| 2019 | 10,432,250 | 10,077,715 | 354,535 | 4.7 | 43% |
| 2020 | 10,152,123 | 9,549,485 | 602,638 | 0.0 | 46% |
| 2021 | 11,153,060 | 10,702,879 | 450,181 | 0.0 | 43% |
| 2022 | 10,994,650 | 10,396,012 | 598,638 | 4.5 | 45% |
| 2023 | 10,988,584 | 10,632,148 | 356,436 | 4.8 | 42% |
In its most recent public year (2023), this organization brought in $356,436 more than it spent. Its reserves stood at about 4.8 months of spending, up from 0.1 in 2011. Staff pay was 42% of spending. $4,472,190 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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