Massachusetts Independent Certification Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,051,137 | 921,651 | 129,486 | 3.8 | 69% |
| 2021 | 1,031,486 | 1,063,605 | −32,119 | 3.0 | 69% |
| 2022 | 1,210,669 | 1,149,214 | 61,455 | 3.4 | 68% |
| 2023 | 1,257,141 | 1,216,099 | 41,042 | 3.6 | 70% |
In its most recent public year (2023), this organization brought in $41,042 more than it spent. Its reserves stood at about 3.6 months of spending. Staff pay was 70% 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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