Independent Scholarship Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 3,517,232 | 4,071,533 | −554,301 | 10.9 | 47% |
| 2012 | 3,725,970 | 4,055,441 | −329,471 | 9.9 | 50% |
| 2013 | 4,212,564 | 4,578,044 | −365,480 | 7.8 | 48% |
| 2014 | 5,144,841 | 4,713,738 | 431,103 | 8.6 | 51% |
| 2015 | 5,478,348 | 4,936,786 | 541,562 | 9.6 | 54% |
| 2016 | 6,376,674 | 5,477,273 | 899,401 | 10.6 | 53% |
| 2017 | 5,594,859 | 5,500,712 | 94,147 | 10.6 | 54% |
| 2018 | 5,628,034 | 5,354,147 | 273,887 | 11.5 | 51% |
| 2019 | 5,274,361 | 5,235,765 | 38,596 | 11.9 | 53% |
| 2020 | 5,924,877 | 5,358,326 | 566,551 | 12.9 | 55% |
| 2021 | 5,703,643 | 5,568,360 | 135,283 | 12.7 | 55% |
| 2022 | 5,750,739 | 5,695,556 | 55,183 | 12.5 | 54% |
| 2023 | 6,752,766 | 6,410,373 | 342,393 | 11.6 | 53% |
In its most recent public year (2023), this organization brought in $342,393 more than it spent. Its reserves stood at about 11.6 months of spending. Staff pay was 53% of spending. $1,203,006 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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