Midwest Lighting Institute Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2015 | 116,694 | 20,415 | 96,279 | 59.7 | — |
| 2016 | 100,000 | 39,923 | 60,077 | 48.6 | — |
| 2017 | 150,000 | 317,397 | −167,397 | -0.2 | — |
| 2018 | 0 | 20,873 | −20,873 | -15.3 | — |
| 2019 | 184,998 | 217,337 | −32,339 | -3.3 | — |
| 2020 | 61,005 | 64,281 | −3,276 | -11.6 | — |
| 2021 | 0 | 54,386 | −54,386 | -25.7 | — |
| 2022 | 79,294 | 87,413 | −8,119 | -17.1 | — |
| 2023 | 0 | 142,266 | −142,266 | -22.5 | — |
| 2024 | 18,819 | 1 | 18,818 | -2978172.0 | — |
In its most recent public year (2024), this organization brought in $18,818 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-2978172 months), down from 59.7 in 2015.
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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