Iit Madras Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2014 | 50,000 | 10 | 49,990 | 59988.0 | — |
| 2015 | 1,794,394 | 1,392,041 | 402,353 | 3.9 | 0% |
| 2016 | 3,780,487 | 745,526 | 3,034,961 | 56.1 | 0% |
| 2017 | 2,734,093 | 1,388,615 | 1,345,478 | 43.4 | 0% |
| 2018 | 4,101,447 | 1,298,195 | 2,803,252 | 68.6 | 3% |
| 2019 | 3,691,155 | 2,024,219 | 1,666,936 | 59.5 | 4% |
| 2020 | 5,670,906 | 2,765,007 | 2,905,899 | 60.1 | 3% |
| 2021 | 3,631,249 | 3,305,463 | 325,786 | 55.2 | 4% |
| 2022 | 4,160,031 | 3,221,498 | 938,533 | 52.0 | 3% |
| 2023 | 9,524,469 | 6,098,062 | 3,426,407 | 36.6 | 2% |
In its most recent public year (2023), this organization brought in $3,426,407 more than it spent. Its reserves stood at about 36.6 months of spending, down from 59988 in 2014. Staff pay was 2% of spending. $12,088,388 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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