State Innovation Exchange
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2014 | 0 | 0 | 0 | — | — |
| 2015 | 1,403,817 | 1,304,528 | 99,289 | 0.7 | 32% |
| 2016 | 1,773,116 | 1,801,150 | −28,034 | 0.9 | 41% |
| 2017 | 4,439,193 | 3,823,504 | 615,689 | 2.4 | 43% |
| 2018 | 5,577,076 | 4,595,034 | 982,042 | 4.5 | 44% |
| 2019 | 8,394,007 | 6,058,745 | 2,335,262 | 8.1 | 34% |
| 2020 | 8,674,376 | 5,883,932 | 2,790,444 | 14.0 | 48% |
| 2021 | 9,144,247 | 6,506,550 | 2,637,697 | 17.5 | 51% |
| 2022 | 8,461,698 | 10,113,670 | −1,651,972 | 9.3 | 35% |
| 2023 | 9,119,033 | 9,270,158 | −151,125 | 10.0 | 38% |
In its most recent public year (2023), this organization spent $151,125 more than it brought in. Its reserves stood at about 10 months of spending. Staff pay was 38% of spending. $3,558,994 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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