Ilwu Memorial Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 1,072,451 | 261,106 | 811,345 | 294.1 | 0% |
| 2020 | 830,519 | 287,644 | 542,875 | 289.7 | 0% |
| 2021 | 1,384,457 | 282,868 | 1,101,589 | 341.3 | 0% |
| 2022 | 784,132 | 457,542 | 326,590 | 219.6 | 0% |
| 2023 | 555,411 | 467,376 | 88,035 | 217.2 | 0% |
In its most recent public year (2023), this organization brought in $88,035 more than it spent. Its reserves stood at about 217.2 months of spending, down from 294.1 in 2019. Staff pay was 0% 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
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