Midcity Excellence Community Learning Center
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 76,028 | 78,299 | −2,271 | 2.5 | — |
| 2021 | 217,493 | 162,597 | 54,896 | 5.1 | 28% |
| 2022 | 403,836 | 388,320 | 15,516 | 2.6 | 45% |
| 2023 | 666,338 | 557,783 | 108,555 | 4.2 | 55% |
In its most recent public year (2023), this organization brought in $108,555 more than it spent. Its reserves stood at about 4.2 months of spending, up from 2.5 in 2020. Staff pay was 55% of spending. $189,418 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
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