Independent College Enterprise Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 2,354,499 | 2,280,544 | 73,955 | 9.9 | 24% |
| 2022 | 2,557,380 | 2,205,292 | 352,088 | 12.2 | 25% |
| 2023 | 2,643,026 | 2,193,429 | 449,597 | 14.7 | 25% |
In its most recent public year (2023), this organization brought in $449,597 more than it spent. Its reserves stood at about 14.7 months of spending, up from 9.9 in 2021. Staff pay was 25% 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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