Maine Initiatives Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 962,660 | 793,418 | 169,242 | 46.8 | 13% |
| 2012 | 332,893 | 566,943 | −234,050 | 69.5 | 25% |
| 2013 | 298,709 | 467,979 | −169,270 | 88.8 | 25% |
| 2014 | 279,654 | 511,855 | −232,201 | 81.9 | 22% |
| 2015 | 274,900 | 371,634 | −96,734 | 103.7 | 25% |
| 2016 | 321,029 | 356,285 | −35,256 | 113.1 | 35% |
| 2017 | 625,115 | 518,782 | 106,333 | 85.7 | 30% |
| 2018 | 424,159 | 664,208 | −240,049 | 66.5 | 28% |
| 2019 | 1,036,850 | 1,120,829 | −83,979 | 39.6 | 27% |
| 2020 | 2,143,400 | 2,047,769 | 95,631 | 23.7 | 18% |
| 2021 | 2,603,313 | 2,105,941 | 497,372 | 29.3 | 29% |
| 2022 | 2,709,270 | 2,902,420 | −193,150 | 17.5 | 32% |
| 2023 | 3,513,921 | 3,593,377 | −79,456 | 14.8 | 30% |
In its most recent public year (2023), this organization spent $79,456 more than it brought in. Its reserves stood at about 14.8 months of spending, down from 46.8 in 2011. Staff pay was 30% of spending. $3,254,709 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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