Massachusetts Biomedical Initiatives
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,385,950 | 1,647,069 | −261,119 | 59.9 | 17% |
| 2012 | 1,812,037 | 1,337,702 | 474,335 | 84.5 | 21% |
| 2013 | 1,970,342 | 1,819,445 | 150,897 | 66.6 | 16% |
| 2014 | 2,084,387 | 1,814,012 | 270,375 | 67.1 | 16% |
| 2015 | 1,591,853 | 1,688,122 | −96,269 | 70.1 | 19% |
| 2016 | 1,776,600 | 1,693,667 | 82,933 | 71.6 | 22% |
| 2017 | 1,874,668 | 1,605,347 | 269,321 | 84.5 | 24% |
| 2018 | 1,742,894 | 1,646,142 | 96,752 | 73.3 | 27% |
| 2019 | 2,816,957 | 1,863,460 | 953,497 | 77.6 | 22% |
| 2020 | 5,958,843 | 2,219,087 | 3,739,756 | 90.3 | 19% |
| 2021 | 4,335,258 | 2,865,540 | 1,469,718 | 74.7 | 17% |
| 2022 | 4,750,848 | 3,413,396 | 1,337,452 | 59.4 | 19% |
| 2023 | 6,363,451 | 3,568,461 | 2,794,990 | 70.2 | 21% |
In its most recent public year (2023), this organization brought in $2,794,990 more than it spent. Its reserves stood at about 70.2 months of spending, up from 59.9 in 2011. Staff pay was 21% of spending. $135,000 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
Massachusetts Biomedical Initiatives'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