Boston Impact Initiative Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2017 | 557,734 | 77,056 | 480,678 | 74.9 | 67% |
| 2018 | 479,380 | 646,219 | −166,839 | 5.8 | 45% |
| 2019 | 1,367,005 | 850,848 | 516,157 | 11.7 | 72% |
| 2020 | 3,167,987 | 1,341,959 | 1,826,028 | 23.7 | 37% |
| 2021 | 1,483,915 | 1,679,347 | −195,432 | 18.6 | 30% |
| 2022 | 2,938,858 | 2,137,744 | 801,114 | 19.1 | 36% |
| 2023 | 1,948,405 | 2,137,262 | −188,857 | 16.3 | 40% |
In its most recent public year (2023), this organization spent $188,857 more than it brought in. Its reserves stood at about 16.3 months of spending, down from 74.9 in 2017. Staff pay was 40% of spending. $1,227,433 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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