The Massachusetts Institute For A New Commonwealth Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 2,373,726 | 2,257,803 | 115,923 | 2.7 | 44% |
| 2012 | 1,746,916 | 2,032,333 | −285,417 | 1.3 | 46% |
| 2013 | 2,235,089 | 1,927,342 | 307,747 | 3.3 | 48% |
| 2014 | 1,587,924 | 1,802,892 | −214,968 | 2.1 | 49% |
| 2015 | 1,568,682 | 1,583,406 | −14,724 | 2.3 | 53% |
| 2016 | 2,708,817 | 1,950,185 | 758,632 | 6.5 | 43% |
| 2017 | 831,268 | 2,018,993 | −1,187,725 | -0.8 | 41% |
| 2018 | 2,594,870 | 1,914,827 | 680,043 | 3.5 | 50% |
| 2019 | 2,017,815 | 2,482,275 | −464,460 | 0.4 | 48% |
| 2020 | 2,486,269 | 2,833,967 | −347,698 | -1.1 | 42% |
| 2021 | 4,338,646 | 2,946,844 | 1,391,802 | 4.6 | 38% |
| 2022 | 2,390,769 | 2,619,749 | −228,980 | 3.7 | 40% |
| 2023 | 3,170,159 | 2,352,984 | 817,175 | 8.3 | 49% |
In its most recent public year (2023), this organization brought in $817,175 more than it spent. Its reserves stood at about 8.3 months of spending, up from 2.7 in 2011. Staff pay was 49% of spending. $1,684,103 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
The Massachusetts Institute For A New Commonwealth Inc's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works