Independence Institute
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,965,509 | 1,963,635 | 1,874 | 14.8 | 40% |
| 2012 | 1,718,687 | 1,845,951 | −127,264 | 30.6 | 45% |
| 2013 | 2,570,000 | 2,255,566 | 314,434 | 26.7 | 40% |
| 2014 | 2,906,044 | 2,995,352 | −89,308 | 19.7 | 31% |
| 2015 | 2,716,740 | 2,621,981 | 94,759 | 23.0 | 40% |
| 2016 | 1,660,315 | 1,293,943 | 366,372 | 42.8 | 42% |
| 2017 | 2,230,351 | 2,782,204 | −551,853 | 17.5 | 39% |
| 2018 | 3,196,031 | 3,518,479 | −322,448 | 12.8 | 31% |
| 2019 | 3,782,950 | 3,524,664 | 258,286 | 13.6 | 34% |
| 2020 | 2,662,306 | 2,967,428 | −305,122 | 14.9 | 41% |
| 2021 | 3,066,130 | 2,744,939 | 321,191 | 17.6 | 35% |
| 2022 | 3,977,476 | 2,713,541 | 1,263,935 | 23.4 | 46% |
| 2023 | 3,644,899 | 2,746,053 | 898,846 | 27.0 | 44% |
In its most recent public year (2023), this organization brought in $898,846 more than it spent. Its reserves stood at about 27 months of spending, up from 14.8 in 2011. Staff pay was 44% 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
Independence Institute's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works