Inside Passage Electric Cooperative Incorporated
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 5,055,798 | 4,966,551 | 89,247 | 17.8 | 27% |
| 2021 | 5,934,930 | 5,831,809 | 103,121 | 15.8 | 24% |
| 2022 | 6,749,810 | 6,753,943 | −4,133 | 14.1 | 23% |
| 2023 | 7,289,073 | 7,040,321 | 248,752 | 14.5 | 21% |
In its most recent public year (2023), this organization brought in $248,752 more than it spent. Its reserves stood at about 14.5 months of spending, down from 17.8 in 2020. Staff pay was 21% of spending.
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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