Independent Institute
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 2,647,561 | 2,308,840 | 338,721 | 21.4 | 47% |
| 2012 | 2,496,265 | 2,400,305 | 95,960 | 23.7 | 42% |
| 2013 | 3,063,847 | 2,387,482 | 676,365 | 25.2 | 44% |
| 2014 | 2,775,869 | 2,521,854 | 254,015 | 27.9 | 46% |
| 2015 | 3,130,588 | 2,694,303 | 436,285 | 28.5 | 43% |
| 2016 | 4,736,407 | 2,721,389 | 2,015,018 | 37.8 | 44% |
| 2017 | 2,289,924 | 2,776,763 | −486,839 | 35.9 | 45% |
| 2018 | 3,013,395 | 3,196,579 | −183,184 | 30.7 | 42% |
| 2019 | 4,179,442 | 3,903,889 | 275,553 | 25.5 | 39% |
| 2020 | 4,135,047 | 4,345,303 | −210,256 | 22.8 | 37% |
| 2021 | 4,554,919 | 4,501,500 | 53,419 | 24.2 | 40% |
| 2022 | 5,449,140 | 4,885,556 | 563,584 | 20.5 | 39% |
| 2023 | 4,070,807 | 5,035,747 | −964,940 | 18.2 | 38% |
| 2024 | 9,041,220 | 5,328,241 | 3,712,979 | 26.6 | 45% |
In its most recent public year (2024), this organization brought in $3,712,979 more than it spent. Its reserves stood at about 26.6 months of spending, up from 21.4 in 2011. Staff pay was 45% of spending. $4,212,318 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 2024. 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
Independent Institute's IRS filings as a feed — one entry per filing year, through 2024. 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