Independent Insurance Agents Of Maryland Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 400,262 | 346,582 | 53,680 | 15.0 | 59% |
| 2012 | 397,800 | 344,824 | 52,976 | 16.9 | 59% |
| 2013 | 295,299 | 322,548 | −27,249 | 17.1 | 66% |
| 2014 | 315,391 | 337,085 | −21,694 | 15.5 | 69% |
| 2015 | 336,266 | 307,998 | 28,268 | 18.1 | 75% |
| 2016 | 345,781 | 338,244 | 7,537 | 16.8 | 73% |
| 2017 | 398,516 | 355,370 | 43,146 | 17.4 | 69% |
| 2018 | 376,948 | 379,219 | −2,271 | 16.2 | 74% |
| 2019 | 360,857 | 381,294 | −20,437 | 15.5 | 48% |
| 2020 | 19,591 | 37,706 | −18,115 | 136.1 | 73% |
| 2021 | 208,457 | 281,065 | −72,608 | 15.2 | 62% |
| 2022 | 250,884 | 289,025 | −38,141 | 13.2 | 65% |
| 2023 | 238,276 | 308,286 | −70,010 | 9.6 | 76% |
In its most recent public year (2023), this organization spent $70,010 more than it brought in. Its reserves stood at about 9.6 months of spending, down from 15 in 2011. Staff pay was 76% of spending.
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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