Maine Central Institute
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 8,938,297 | 9,298,819 | −360,522 | 25.8 | 39% |
| 2021 | 10,693,279 | 9,794,275 | 899,004 | 28.1 | 37% |
| 2022 | 11,684,764 | 10,054,000 | 1,630,764 | 29.2 | 36% |
| 2023 | 14,107,482 | 11,080,993 | 3,026,489 | 24.3 | 39% |
In its most recent public year (2023), this organization brought in $3,026,489 more than it spent. Its reserves stood at about 24.3 months of spending, down from 25.8 in 2020. Staff pay was 39% of spending. $5,986,009 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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