Independence Northwest Center For Independent Living Of Northwest Ct
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,291,994 | 1,219,044 | 72,950 | 2.9 | 8% |
| 2021 | 1,248,199 | 1,243,880 | 4,319 | 2.9 | 54% |
| 2022 | 1,240,641 | 1,198,825 | 41,816 | 3.4 | 54% |
| 2023 | 1,344,836 | 1,300,652 | 44,184 | 3.6 | 52% |
In its most recent public year (2023), this organization brought in $44,184 more than it spent. Its reserves stood at about 3.6 months of spending. Staff pay was 52% 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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