Island Connections
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 240,381 | 179,164 | 61,217 | 41.9 | 62% |
| 2021 | 246,546 | 204,638 | 41,908 | 42.3 | 59% |
| 2022 | 228,255 | 247,961 | −19,706 | 30.5 | 55% |
| 2023 | 197,930 | 205,764 | −7,834 | 38.8 | 61% |
In its most recent public year (2023), this organization spent $7,834 more than it brought in. Its reserves stood at about 38.8 months of spending, down from 41.9 in 2020. Staff pay was 61% of spending. $6,717 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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