Freed Center For Independent Living
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 1,041,149 | 999,545 | 41,604 | 6.8 | 10% |
| 2013 | 1,093,165 | 1,082,908 | 10,257 | 6.0 | 14% |
| 2014 | 864,721 | 866,476 | −1,755 | 7.0 | 70% |
| 2015 | 1,021,658 | 1,002,871 | 18,787 | 6.2 | 68% |
| 2016 | 1,467,433 | 1,295,700 | 171,733 | 6.1 | 56% |
| 2017 | 1,251,115 | 1,213,082 | 38,033 | 6.0 | 61% |
| 2018 | 1,281,134 | 1,259,354 | 21,780 | 6.0 | 58% |
| 2019 | 1,470,737 | 1,493,559 | −22,822 | 2.7 | 47% |
| 2020 | 1,865,252 | 1,833,314 | 31,938 | 2.4 | 8% |
| 2021 | 2,643,537 | 2,586,030 | 57,507 | 2.0 | 50% |
| 2022 | 2,367,955 | 2,374,694 | −6,739 | 2.1 | 57% |
| 2023 | 2,848,062 | 2,826,606 | 21,456 | 1.9 | 45% |
In its most recent public year (2023), this organization brought in $21,456 more than it spent. Its reserves stood at about 1.9 months of spending, down from 6.8 in 2012. Staff pay was 45% of spending. $124,272 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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