Innovate Birmingham
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2017 | 234,697 | 222,129 | 12,568 | 0.7 | 60% |
| 2018 | 434,264 | 319,826 | 114,438 | 4.8 | 56% |
| 2019 | 573,807 | 559,932 | 13,875 | 3.0 | 45% |
| 2020 | 1,498,666 | 1,331,112 | 167,554 | 2.8 | 30% |
| 2021 | 951,171 | 926,921 | 24,250 | 4.0 | 57% |
| 2022 | 343,555 | 554,606 | −211,051 | 2.2 | 55% |
In its most recent public year (2022), this organization spent $211,051 more than it brought in. Its reserves stood at about 2.2 months of spending, up from 0.7 in 2017. Staff pay was 55% of spending. $25,000 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 2022. 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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