Cfa Institute
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 220,210,482 | 210,344,728 | 9,865,754 | 8.1 | 24% |
| 2012 | 231,242,116 | 227,844,778 | 3,397,338 | 7.8 | 25% |
| 2013 | 239,834,581 | 223,411,699 | 16,422,882 | 8.7 | 28% |
| 2014 | 259,514,989 | 233,256,561 | 26,258,428 | 10.5 | 28% |
| 2015 | 272,494,659 | 238,913,246 | 33,581,413 | 10.5 | 29% |
| 2016 | 284,644,684 | 270,775,370 | 13,869,314 | 10.7 | 27% |
| 2017 | 321,638,470 | 303,230,743 | 18,407,727 | 11.2 | 26% |
| 2018 | 370,089,211 | 338,068,864 | 32,020,347 | 11.5 | 24% |
| 2019 | 416,456,990 | 365,537,251 | 50,919,739 | 12.0 | 21% |
| 2020 | 184,976,793 | 304,140,097 | −119,163,304 | 10.3 | 28% |
| 2021 | 299,621,233 | 299,566,682 | 54,551 | 12.5 | 31% |
| 2022 | 346,815,960 | 278,732,579 | 68,083,381 | 12.6 | 29% |
| 2023 | 360,345,275 | 271,991,297 | 88,353,978 | 17.5 | 30% |
In its most recent public year (2023), this organization brought in $88,353,978 more than it spent. Its reserves stood at about 17.5 months of spending, up from 8.1 in 2011. Staff pay was 30% 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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