Medical Device Innovation Consortium
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 21,447,770 | 19,600,873 | 1,846,897 | 3.0 | 22% |
| 2021 | 16,908,156 | 15,430,460 | 1,477,696 | 5.0 | 38% |
| 2022 | 10,710,909 | 14,247,437 | −3,536,528 | 2.4 | 46% |
| 2023 | 14,899,712 | 15,639,936 | −740,224 | 1.6 | 46% |
In its most recent public year (2023), this organization spent $740,224 more than it brought in. Its reserves stood at about 1.6 months of spending, down from 3 in 2020. Staff pay was 46% of spending. $2,922,009 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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