Miracle Corners Of The World Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 1,008,458 | 1,007,873 | 585 | 18.3 | 31% |
| 2020 | 960,912 | 688,011 | 272,901 | 32.4 | 42% |
| 2021 | 1,156,861 | 676,722 | 480,139 | 42.7 | 32% |
| 2022 | 1,001,934 | 936,909 | 65,025 | 29.3 | 24% |
| 2023 | 1,051,983 | 1,163,104 | −111,121 | 24.2 | 21% |
In its most recent public year (2023), this organization spent $111,121 more than it brought in. Its reserves stood at about 24.2 months of spending, up from 18.3 in 2019. Staff pay was 21% of spending. $70,404 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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