Milwaukee Regional Innovation Center Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2016 | 924,724 | 916,742 | 7,982 | 62.2 | 25% |
| 2017 | 1,017,322 | 1,756,235 | −738,913 | 28.3 | 18% |
| 2018 | 3,797,675 | 1,318,997 | 2,478,678 | 58.8 | 27% |
| 2019 | 1,323,547 | 1,234,609 | 88,938 | 68.2 | 30% |
| 2020 | 1,063,973 | 1,122,575 | −58,602 | 78.8 | 33% |
| 2021 | 1,167,985 | 1,117,491 | 50,494 | 83.3 | 32% |
| 2022 | 1,244,262 | 1,346,194 | −101,932 | 62.6 | 30% |
| 2023 | 1,429,028 | 1,141,905 | 287,123 | 79.0 | 26% |
In its most recent public year (2023), this organization brought in $287,123 more than it spent. Its reserves stood at about 79 months of spending, up from 62.2 in 2016. Staff pay was 26% 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 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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