Massachusetts Insurance Federation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 543,913 | 510,908 | 33,005 | 4.4 | 45% |
| 2012 | 501,026 | 491,422 | 9,604 | 4.8 | 48% |
| 2013 | 538,766 | 513,406 | 25,360 | 5.2 | 47% |
| 2014 | 543,455 | 522,887 | 20,568 | 5.5 | 45% |
| 2015 | 547,321 | 563,740 | −16,419 | 4.8 | 47% |
| 2016 | 594,237 | 513,274 | 80,963 | 7.2 | 56% |
| 2017 | 561,192 | 507,572 | 53,620 | 8.5 | 59% |
| 2018 | 557,608 | 496,600 | 61,008 | 10.2 | 59% |
| 2019 | 507,133 | 501,068 | 6,065 | 10.2 | 59% |
| 2020 | 524,080 | 515,777 | 8,303 | 10.1 | 61% |
| 2021 | 538,159 | 525,903 | 12,256 | 10.2 | 58% |
| 2022 | 516,666 | 487,736 | 28,930 | 11.7 | 52% |
| 2023 | 580,897 | 507,817 | 73,080 | 13.0 | 56% |
In its most recent public year (2023), this organization brought in $73,080 more than it spent. Its reserves stood at about 13 months of spending, up from 4.4 in 2011. Staff pay was 56% 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
Massachusetts Insurance Federation's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works