Morrison Institute Of Technology
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 1,871,809 | 1,824,147 | 47,662 | 9.3 | 47% |
| 2013 | 1,782,222 | 1,700,359 | 81,863 | 10.5 | 45% |
| 2014 | 2,039,910 | 1,835,583 | 204,327 | 11.1 | 45% |
| 2015 | 1,831,939 | 1,781,891 | 50,048 | 11.7 | 47% |
| 2016 | 1,906,498 | 1,833,880 | 72,618 | 11.9 | 46% |
| 2017 | 2,019,709 | 1,938,528 | 81,181 | 11.7 | 49% |
| 2018 | 2,240,798 | 2,128,557 | 112,241 | 11.3 | 44% |
| 2019 | 2,521,602 | 2,463,166 | 58,436 | 10.1 | 49% |
| 2020 | 2,055,187 | 2,300,620 | −245,433 | 9.5 | 50% |
| 2021 | 2,698,370 | 2,115,905 | 582,465 | 13.6 | 45% |
| 2022 | 2,173,933 | 2,351,103 | −177,170 | 11.4 | 42% |
| 2023 | 1,730,418 | 1,750,291 | −19,873 | 15.0 | 37% |
| 2024 | 1,815,937 | 1,955,335 | −139,398 | 12.6 | 49% |
In its most recent public year (2024), this organization spent $139,398 more than it brought in. Its reserves stood at about 12.6 months of spending, up from 9.3 in 2012. Staff pay was 49% 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 2024. 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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