Initiative For Independent Schooling In Puerto Rico Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 326,664 | 229,996 | 96,668 | 6.9 | 50% |
| 2021 | 300,801 | 288,761 | 12,040 | 6.0 | 58% |
| 2023 | 439,576 | 442,980 | −3,404 | 2.3 | 64% |
In its most recent public year (2023), this organization spent $3,404 more than it brought in. Its reserves stood at about 2.3 months of spending, down from 6.9 in 2020. Staff pay was 64% 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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