Innovative Education Partnership Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 4,707,495 | 5,992,127 | −1,284,632 | -2.0 | 48% |
| 2022 | 5,283,927 | 4,955,910 | 328,017 | 3.8 | 65% |
| 2023 | 6,542,796 | 5,852,802 | 689,994 | 4.6 | 60% |
| 2024 | 6,640,271 | 6,386,794 | 253,477 | 4.7 | 61% |
In its most recent public year (2024), this organization brought in $253,477 more than it spent. Its reserves stood at about 4.7 months of spending, up from -2 in 2021. Staff pay was 61% of spending. $278,391 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 2024. 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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