The Mu Chapter Initiative
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 87,758 | 42,468 | 45,290 | 14.8 | — |
| 2020 | 694,913 | 692,125 | 2,788 | 1.0 | 0% |
| 2021 | 660,580 | 635,597 | 24,983 | 1.5 | 0% |
| 2022 | 716,339 | 1,220,471 | −504,132 | -4.2 | 0% |
| 2023 | 673,058 | 804,842 | −131,784 | -8.3 | 0% |
In its most recent public year (2023), this organization spent $131,784 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-8.3 months), down from 14.8 in 2019. Staff pay was 0% of spending.
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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