The Ip Law Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 195,440 | 288,292 | −92,852 | 40.7 | 0% |
| 2021 | 437,502 | 248,951 | 188,551 | 61.7 | 0% |
| 2022 | 421,844 | 245,514 | 176,330 | 67.0 | 0% |
| 2023 | 359,552 | 322,822 | 36,730 | 53.9 | 0% |
In its most recent public year (2023), this organization brought in $36,730 more than it spent. Its reserves stood at about 53.9 months of spending, up from 40.7 in 2020. Staff pay was 0% of spending. $14,500 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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