Project Independence
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 5,875,578 | 5,786,131 | 89,447 | 6.7 | 71% |
| 2013 | 5,650,111 | 5,479,727 | 170,384 | 7.5 | 72% |
| 2014 | 6,297,041 | 5,525,979 | 771,062 | 9.1 | 74% |
| 2015 | 5,763,343 | 5,646,769 | 116,574 | 9.1 | 72% |
| 2016 | 5,516,891 | 5,716,341 | −199,450 | 8.6 | 70% |
| 2017 | 5,887,867 | 5,836,831 | 51,036 | 8.5 | 71% |
| 2018 | 5,597,797 | 5,645,691 | −47,894 | 8.7 | 70% |
| 2019 | 5,324,689 | 5,338,668 | −13,979 | 9.2 | 70% |
| 2020 | 5,153,338 | 5,248,594 | −95,256 | 9.1 | 70% |
| 2021 | 5,473,402 | 4,768,329 | 705,073 | 11.8 | 71% |
| 2022 | 4,234,113 | 4,370,852 | −136,739 | 12.6 | 67% |
| 2023 | 3,731,075 | 3,804,785 | −73,710 | 14.2 | 67% |
| 2024 | 3,222,610 | 3,343,503 | −120,893 | 15.7 | 66% |
In its most recent public year (2024), this organization spent $120,893 more than it brought in. Its reserves stood at about 15.7 months of spending, up from 6.7 in 2012. Staff pay was 66% of spending. $96,735 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
Project Independence'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