Independence Communities Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 106,429 | 150,651 | −44,222 | 97.0 | 22% |
| 2012 | 107,153 | 160,793 | −53,640 | 88.0 | 23% |
| 2013 | 116,386 | 157,837 | −41,451 | 87.6 | 25% |
| 2014 | 147,246 | 165,997 | −18,751 | 82.9 | 23% |
| 2015 | 116,007 | 162,714 | −46,707 | 82.2 | 20% |
| 2016 | 132,108 | 174,558 | −42,450 | 74.7 | 22% |
| 2017 | 131,108 | 173,758 | −42,650 | 73.1 | 26% |
| 2018 | 149,880 | 186,697 | −36,817 | 66.6 | 25% |
| 2019 | 155,886 | 190,929 | −35,043 | 63.9 | 27% |
| 2020 | 154,644 | 247,289 | −92,645 | 45.6 | 25% |
| 2021 | 181,174 | 213,477 | −32,303 | 51.8 | 29% |
| 2022 | 179,135 | 224,723 | −45,588 | 47.5 | 27% |
| 2023 | 195,551 | 239,397 | −43,846 | 43.2 | 27% |
In its most recent public year (2023), this organization spent $43,846 more than it brought in. Its reserves stood at about 43.2 months of spending, down from 97 in 2011. Staff pay was 27% of spending. $1,403,439 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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