Midway Volunteer Fire Co
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 467,626 | 492,020 | −24,394 | 67.6 | 0% |
| 2021 | 459,802 | 455,289 | 4,513 | 77.6 | 0% |
| 2022 | 628,862 | 508,160 | 120,702 | 65.5 | 0% |
| 2023 | 504,189 | 496,607 | 7,582 | 71.4 | 0% |
In its most recent public year (2023), this organization brought in $7,582 more than it spent. Its reserves stood at about 71.4 months of spending, up from 67.6 in 2020. Staff pay was 0% of spending. $411,092 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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