Midwest Academy Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,364,980 | 1,217,781 | 147,199 | 4.5 | 56% |
| 2012 | 1,480,986 | 1,329,643 | 151,343 | 5.3 | 53% |
| 2013 | 2,790,608 | 1,286,143 | 1,504,465 | 19.6 | 61% |
| 2014 | 1,654,462 | 1,178,289 | 476,173 | 26.4 | 57% |
| 2015 | 1,528,927 | 1,499,356 | 29,571 | 21.7 | 55% |
| 2016 | 1,720,995 | 1,640,290 | 80,705 | 19.7 | 56% |
| 2017 | 1,881,125 | 1,680,243 | 200,882 | 20.9 | 56% |
| 2018 | 1,858,454 | 1,667,235 | 191,219 | 22.6 | 56% |
| 2019 | 2,034,558 | 1,817,425 | 217,133 | 22.2 | 56% |
| 2020 | 2,038,438 | 1,828,733 | 209,705 | 23.4 | 59% |
| 2021 | 2,378,544 | 2,085,941 | 292,603 | 22.2 | 60% |
| 2022 | 2,313,465 | 2,186,761 | 126,704 | 21.7 | 59% |
| 2023 | 2,195,222 | 2,367,735 | −172,513 | 20.1 | 52% |
In its most recent public year (2023), this organization spent $172,513 more than it brought in. Its reserves stood at about 20.1 months of spending, up from 4.5 in 2011. Staff pay was 52% of spending.
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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