Independence Center
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 6,116,703 | 6,216,282 | −99,579 | 11.7 | 59% |
| 2012 | 7,743,298 | 6,893,531 | 849,767 | 11.9 | 57% |
| 2013 | 7,750,057 | 7,314,079 | 435,978 | 12.0 | 57% |
| 2014 | 8,486,206 | 7,814,602 | 671,604 | 11.0 | 59% |
| 2015 | 8,783,463 | 8,416,411 | 367,052 | 10.7 | 58% |
| 2016 | 9,688,423 | 8,222,630 | 1,465,793 | 12.9 | 58% |
| 2017 | 9,842,220 | 8,395,738 | 1,446,482 | 15.0 | 57% |
| 2018 | 8,983,133 | 8,815,226 | 167,907 | 14.6 | 57% |
| 2019 | 9,184,866 | 9,423,826 | −238,960 | 13.4 | 57% |
| 2020 | 9,149,262 | 10,003,486 | −854,224 | 11.5 | 57% |
| 2021 | 10,088,288 | 8,432,263 | 1,656,025 | 17.3 | 54% |
| 2022 | 10,356,755 | 8,461,140 | 1,895,615 | 17.1 | 53% |
| 2023 | 9,593,673 | 9,473,508 | 120,165 | 16.4 | 56% |
| 2024 | 13,325,397 | 11,022,804 | 2,302,593 | 17.6 | 56% |
In its most recent public year (2024), this organization brought in $2,302,593 more than it spent. Its reserves stood at about 17.6 months of spending, up from 11.7 in 2011. Staff pay was 56% of spending. $15,000 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 2024. 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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