Indiana Fashion Foundation Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 50,015 | 70,393 | −20,378 | -3.5 | — |
| 2022 | 62,119 | 67,324 | −5,205 | -4.6 | — |
| 2023 | 27,680 | 21,682 | 5,998 | -8.2 | — |
In its most recent public year (2023), this organization brought in $5,998 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-8.2 months), down from -3.5 in 2021.
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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