Iitkgp Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 946,954 | 1,104,650 | −157,696 | 17.4 | 5% |
| 2021 | 1,432,256 | 878,504 | 553,752 | 34.2 | 0% |
| 2022 | 2,650,060 | 1,538,804 | 1,111,256 | 23.2 | 0% |
| 2023 | 861,114 | 883,859 | −22,745 | 41.1 | 5% |
In its most recent public year (2023), this organization spent $22,745 more than it brought in. Its reserves stood at about 41.1 months of spending, up from 17.4 in 2020. Staff pay was 5% of spending. $1,735,200 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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