Maine Technology Institute
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 20,788,101 | 20,834,264 | −46,163 | 0.7 | 2% |
| 2012 | 20,244,485 | 20,393,176 | −148,691 | 0.6 | 2% |
| 2013 | 7,529,370 | 7,698,004 | −168,634 | 1.4 | 7% |
| 2014 | 9,231,620 | 9,256,197 | −24,577 | 1.1 | 5% |
| 2015 | 12,622,634 | 12,612,541 | 10,093 | 0.8 | 4% |
| 2016 | 12,144,702 | 11,996,356 | 148,346 | 1.0 | 5% |
| 2017 | 10,800,497 | 10,726,080 | 74,417 | 1.2 | 7% |
| 2018 | 13,968,255 | 13,529,620 | 438,635 | 1.4 | 5% |
| 2019 | 35,533,893 | 35,173,668 | 360,225 | 0.6 | 2% |
| 2020 | 27,495,350 | 27,468,624 | 26,726 | 0.8 | 3% |
| 2021 | 10,752,801 | 10,538,560 | 214,241 | 2.4 | 7% |
| 2022 | 14,853,693 | 15,091,479 | −237,786 | 1.5 | 5% |
| 2023 | 36,158,450 | 35,498,648 | 659,802 | 0.9 | 2% |
In its most recent public year (2023), this organization brought in $659,802 more than it spent. Its reserves stood at about 0.9 months of spending. Staff pay was 2% 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
Maine Technology Institute's IRS filings as a feed — one entry per filing year, through 2023. 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