Iec Hotel Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 7,998,002 | 17,194,423 | −9,196,421 | -0.5 | 0% |
| 2021 | 16,531,928 | 18,297,914 | −1,765,986 | -0.4 | 0% |
| 2022 | 21,731,284 | 21,136,960 | 594,324 | 2.1 | 0% |
| 2023 | 24,126,745 | 22,753,691 | 1,373,054 | 2.7 | 0% |
In its most recent public year (2023), this organization brought in $1,373,054 more than it spent. Its reserves stood at about 2.7 months of spending, up from -0.5 in 2020. Staff pay was 0% of spending. $8,531,143 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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