Micds Scholarship Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 85,808 | 308,315 | −222,507 | 229.3 | 0% |
| 2012 | 291,740 | 327,496 | −35,756 | 208.6 | 0% |
| 2013 | 310,772 | 335,795 | −25,023 | 217.2 | 0% |
| 2014 | 442,205 | 338,895 | 103,310 | 241.8 | 0% |
| 2015 | 322,215 | 349,623 | −27,408 | 232.9 | 0% |
| 2016 | 230,280 | 366,460 | −136,180 | 198.7 | 0% |
| 2017 | 445,038 | 334,845 | 110,193 | 258.6 | 0% |
| 2018 | 787,997 | 369,769 | 418,228 | 266.3 | 0% |
| 2019 | 600,690 | 385,629 | 215,061 | 257.8 | 0% |
| 2020 | 654,140 | 416,210 | 237,930 | 253.0 | 0% |
| 2021 | 915,422 | 419,937 | 495,485 | 341.4 | 0% |
| 2022 | 251,602 | 496,700 | −245,098 | 215.8 | 0% |
| 2023 | 241,518 | 496,521 | −255,003 | 256.7 | 0% |
| 2024 | 1,580,691 | 527,423 | 1,053,268 | 297.9 | 0% |
In its most recent public year (2024), this organization brought in $1,053,268 more than it spent. Its reserves stood at about 297.9 months of spending, up from 229.3 in 2011. Staff pay was 0% of spending. $13,092,225 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 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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