Iota Development Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2013 | 151,219 | 117,233 | 33,986 | 5.9 | — |
| 2014 | 60,688 | 50,805 | 9,883 | 16.0 | — |
| 2015 | 18,675 | 50,000 | −31,325 | 8.8 | — |
| 2016 | 26,175 | 30,591 | −4,416 | 12.6 | — |
| 2021 | 405,288 | 232,824 | 172,464 | 10.3 | 0% |
| 2022 | 368,211 | 96,355 | 271,856 | 58.8 | 0% |
| 2023 | 147,654 | 509,519 | −361,865 | 2.6 | 0% |
In its most recent public year (2023), this organization spent $361,865 more than it brought in. Its reserves stood at about 2.6 months of spending, down from 5.9 in 2013. Staff pay was 0% of spending. $110,143 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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