Midwest Academy Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 624,950 | 676,373 | −51,423 | 9.0 | 49% |
| 2012 | 577,345 | 675,446 | −98,101 | 7.2 | 53% |
| 2013 | 593,544 | 661,682 | −68,138 | 6.2 | 49% |
| 2014 | 657,408 | 679,398 | −21,990 | 5.6 | 48% |
| 2015 | 721,803 | 695,983 | 25,820 | 5.9 | 46% |
| 2016 | 692,368 | 752,356 | −59,988 | 4.5 | 53% |
| 2017 | 687,511 | 751,773 | −64,262 | 3.5 | 46% |
| 2018 | 546,710 | 567,440 | −20,730 | 4.2 | 51% |
| 2019 | 724,006 | 656,674 | 67,332 | 4.9 | 39% |
| 2020 | 884,697 | 616,895 | 267,802 | 10.4 | 60% |
| 2021 | 1,143,433 | 740,772 | 402,661 | 15.2 | 64% |
| 2022 | 1,914,728 | 1,048,215 | 866,513 | 20.5 | 55% |
| 2023 | 2,196,037 | 1,406,611 | 789,426 | 22.0 | 47% |
In its most recent public year (2023), this organization brought in $789,426 more than it spent. Its reserves stood at about 22 months of spending, up from 9 in 2011. Staff pay was 47% of spending. $1,105,021 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
Midwest Academy Inc'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