Institute For The Advancement Of Minority Health
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 593,053 | 560,257 | 32,796 | 0.8 | 34% |
| 2021 | 1,858,283 | 1,506,935 | 351,348 | 3.1 | 28% |
| 2022 | 3,804,867 | 3,083,506 | 721,361 | 4.4 | 21% |
| 2023 | 3,026,568 | 3,666,562 | −639,994 | 1.6 | 29% |
In its most recent public year (2023), this organization spent $639,994 more than it brought in. Its reserves stood at about 1.6 months of spending. Staff pay was 29% of spending. $14,315 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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