Mhc Academic Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 668,271 | 1,297,082 | −628,811 | 170.6 | 11% |
| 2021 | −5,080,920 | 1,222,019 | −6,302,939 | 133.0 | 8% |
| 2022 | 1,115,149 | 483,835 | 631,314 | 301.9 | 16% |
| 2023 | 669,738 | 320,979 | 348,759 | 485.5 | 24% |
| 2024 | 763,302 | 283,883 | 479,419 | 612.6 | 27% |
In its most recent public year (2024), this organization brought in $479,419 more than it spent. Its reserves stood at about 612.6 months of spending, up from 170.6 in 2020. Staff pay was 27% of spending. $1,836,039 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 2024. 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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