Friends Of The Midwest Theater
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 503,085 | 519,744 | −16,659 | 38.9 | 31% |
| 2021 | 746,259 | 548,346 | 197,913 | 46.6 | 28% |
| 2022 | 850,631 | 624,773 | 225,858 | 46.6 | 34% |
In its most recent public year (2022), this organization brought in $225,858 more than it spent. Its reserves stood at about 46.6 months of spending, up from 38.9 in 2020. Staff pay was 34% 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 2022. 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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