Brooklyn Independent
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 50,582 | 1,437 | 49,145 | 410.4 | — |
| 2020 | 688,062 | 640,943 | 47,119 | 1.8 | 51% |
| 2021 | 849,140 | 1,004,188 | −155,048 | -0.7 | 43% |
| 2022 | 1,733,430 | 1,856,246 | −122,816 | -1.2 | 45% |
| 2023 | 2,138,816 | 2,431,252 | −292,436 | -2.3 | 48% |
In its most recent public year (2023), this organization spent $292,436 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-2.3 months), down from 410.4 in 2019. Staff pay was 48% 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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