Local Progress Policy Institute
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 2,765,101 | 10,088 | 2,755,013 | 3277.2 | 0% |
| 2022 | 5,583,761 | 3,885,691 | 1,698,070 | 13.8 | 42% |
| 2023 | 7,532,480 | 4,913,529 | 2,618,951 | 17.3 | 36% |
In its most recent public year (2023), this organization brought in $2,618,951 more than it spent. Its reserves stood at about 17.3 months of spending, down from 3277.2 in 2021. Staff pay was 36% of spending. $3,056,734 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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