Associated Colleges Of The Midwest Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,940,643 | 4,148,371 | −2,207,728 | 44.5 | 30% |
| 2021 | 1,659,572 | 2,541,751 | −882,179 | 82.0 | 35% |
| 2022 | 3,292,701 | 1,947,971 | 1,344,730 | 97.9 | 43% |
| 2023 | 1,678,213 | 2,190,807 | −512,594 | 88.2 | 36% |
In its most recent public year (2023), this organization spent $512,594 more than it brought in. Its reserves stood at about 88.2 months of spending, up from 44.5 in 2020. Staff pay was 36% of spending. $5,483,059 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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