The James Madison Institute For Public Policy Studies Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,966,419 | 1,297,246 | 669,173 | 16.3 | 53% |
| 2012 | 1,694,754 | 1,770,365 | −75,611 | 11.4 | 12% |
| 2013 | 1,250,415 | 1,655,681 | −405,266 | 9.3 | 11% |
| 2014 | 1,913,472 | 1,681,516 | 231,956 | 10.8 | 12% |
| 2015 | 1,865,274 | 2,031,606 | −166,332 | 7.8 | 51% |
| 2016 | 1,590,520 | 2,051,409 | −460,889 | 5.0 | 50% |
| 2017 | 1,145,430 | 1,454,224 | −308,794 | 4.5 | 56% |
| 2018 | 1,515,885 | 1,611,575 | −95,690 | 3.4 | 50% |
| 2019 | 1,519,659 | 1,193,719 | 325,940 | 7.8 | 54% |
| 2020 | 1,736,885 | 1,714,388 | 22,497 | 5.2 | 53% |
| 2021 | 2,379,199 | 1,856,472 | 522,727 | 9.0 | 59% |
| 2022 | 2,096,424 | 2,122,852 | −26,428 | 7.4 | 52% |
| 2023 | 2,749,626 | 2,759,756 | −10,130 | 5.6 | 52% |
In its most recent public year (2023), this organization spent $10,130 more than it brought in. Its reserves stood at about 5.6 months of spending, down from 16.3 in 2011. Staff pay was 52% of spending. $258,723 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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