Independent Insurance Agents Of N Carolina Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 3,752,408 | 2,939,113 | 813,295 | 33.5 | 24% |
| 2021 | 3,545,920 | 2,989,651 | 556,269 | 37.6 | 26% |
| 2022 | 4,078,379 | 3,353,133 | 725,246 | 35.7 | 20% |
| 2023 | 4,716,113 | 4,083,977 | 632,136 | 31.9 | 20% |
In its most recent public year (2023), this organization brought in $632,136 more than it spent. Its reserves stood at about 31.9 months of spending, down from 33.5 in 2020. Staff pay was 20% of spending. $714,500 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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