The Magnificent Mile Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 0 | 2,266,676 | −2,266,676 | 2.1 | 32% |
| 2012 | 2,725,656 | 2,603,322 | 122,334 | 2.4 | 34% |
| 2013 | 2,725,356 | 2,694,787 | 30,569 | 2.5 | 31% |
| 2014 | 2,662,644 | 2,629,604 | 33,040 | 2.1 | 29% |
| 2015 | 2,184,583 | 2,337,274 | −152,691 | 1.5 | 37% |
| 2016 | 2,288,173 | 2,338,760 | −50,587 | 1.3 | 38% |
| 2017 | 2,382,965 | 2,359,244 | 23,721 | 1.4 | 38% |
| 2018 | 2,274,138 | 2,575,594 | −301,456 | -0.3 | 35% |
| 2019 | 2,649,048 | 2,595,631 | 53,417 | -0.0 | 32% |
| 2020 | 1,653,338 | 1,343,295 | 310,043 | 3.0 | 41% |
| 2021 | 2,328,400 | 2,287,987 | 40,413 | 2.0 | 24% |
| 2022 | 4,280,175 | 4,017,783 | 262,392 | 2.4 | 16% |
| 2023 | 3,509,740 | 3,559,993 | −50,253 | 3.7 | 26% |
In its most recent public year (2023), this organization spent $50,253 more than it brought in. Its reserves stood at about 3.7 months of spending, up from 2.1 in 2011. Staff pay was 26% of spending. $103,203 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
The Magnificent Mile Association'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