Innovative Concepts Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 448,321 | 392,053 | 56,268 | 1.3 | 49% |
| 2012 | 553,304 | 549,883 | 3,421 | 1.0 | 50% |
| 2013 | 400,033 | 435,840 | −35,807 | 0.3 | 2% |
| 2014 | 404,498 | 421,161 | −16,663 | -0.2 | 43% |
| 2015 | 523,126 | 529,645 | −6,519 | -0.1 | 54% |
| 2016 | 535,184 | 518,813 | 16,371 | 0.3 | 57% |
| 2017 | 566,667 | 560,587 | 6,080 | 0.4 | 60% |
| 2018 | 664,868 | 683,759 | −18,891 | 0.0 | 52% |
| 2019 | 678,884 | 690,654 | −11,770 | -0.2 | 63% |
| 2020 | 724,213 | 748,247 | −24,034 | -0.6 | 73% |
| 2021 | 707,267 | 719,431 | −12,164 | -0.8 | 50% |
| 2022 | 753,983 | 654,654 | 99,329 | 0.9 | 61% |
| 2023 | 654,339 | 658,544 | −4,205 | 0.8 | 59% |
In its most recent public year (2023), this organization spent $4,205 more than it brought in. Its reserves stood at about 0.8 months of spending. Staff pay was 59% 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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