Indy Convergence Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 9,901 | 15,344 | −5,443 | 0.0 | — |
| 2013 | 8,667 | 8,603 | 64 | 0.0 | — |
| 2018 | 84,925 | 99,111 | −14,186 | -0.7 | — |
| 2019 | 171,741 | 170,717 | 1,024 | -0.3 | — |
| 2020 | 187,489 | 148,695 | 38,794 | 2.8 | — |
| 2021 | 79,401 | 129,142 | −49,741 | -1.9 | — |
| 2022 | 256,620 | 196,109 | 60,511 | 2.5 | 18% |
| 2023 | 187,607 | 192,954 | −5,347 | 2.5 | 17% |
In its most recent public year (2023), this organization spent $5,347 more than it brought in. Its reserves stood at about 2.5 months of spending, up from 0 in 2012. Staff pay was 17% 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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