Global Center For Medical Innovation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 723,051 | 584,220 | 138,831 | 5.0 | 39% |
| 2012 | 2,187,481 | 1,012,320 | 1,175,161 | 16.8 | 31% |
| 2013 | 810,249 | 737,586 | 72,663 | 24.2 | 33% |
| 2014 | 1,723,966 | 1,542,955 | 181,011 | 13.0 | 24% |
| 2015 | 1,368,069 | 1,871,885 | −503,816 | 7.5 | 30% |
| 2016 | 11,449,222 | 1,578,061 | 9,871,161 | 83.2 | 36% |
| 2017 | 431,181 | 712,610 | −281,429 | 159.0 | 17% |
| 2018 | 1,414,894 | 1,808,245 | −393,351 | 50.4 | 37% |
| 2019 | 1,837,756 | 2,359,244 | −521,488 | 36.8 | 30% |
| 2020 | 10,007,289 | 6,640,742 | 3,366,547 | 19.2 | 11% |
| 2021 | 1,922,627 | 3,338,064 | −1,415,437 | 26.0 | 30% |
| 2022 | 1,180,673 | 2,329,708 | −1,149,035 | 25.6 | 46% |
| 2023 | 1,583,156 | 2,487,227 | −904,071 | 23.6 | 46% |
In its most recent public year (2023), this organization spent $904,071 more than it brought in. Its reserves stood at about 23.6 months of spending, up from 5 in 2011. Staff pay was 46% of spending. $39,288 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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