Mitchell Technical Institute Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 982,845 | 1,007,592 | −24,747 | 70.6 | 0% |
| 2022 | 1,773,280 | 1,531,311 | 241,969 | 43.6 | 0% |
| 2023 | 1,672,744 | 1,221,811 | 450,933 | 61.2 | 0% |
| 2024 | 1,778,454 | 1,832,645 | −54,191 | 42.4 | 0% |
In its most recent public year (2024), this organization spent $54,191 more than it brought in. Its reserves stood at about 42.4 months of spending, down from 70.6 in 2021. Staff pay was 0% of spending. $5,265,798 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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