Maine Independent Colleges Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 100,021 | 42,374 | 57,647 | 23.3 | — |
| 2022 | 78,013 | 118,234 | −40,221 | 4.3 | — |
| 2023 | 8,008 | 38,803 | −30,795 | 3.5 | — |
In its most recent public year (2023), this organization spent $30,795 more than it brought in. Its reserves stood at about 3.5 months of spending, down from 23.3 in 2021.
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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