Midland Institute For Entrepreneurship Nfp
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 423,662 | 672,414 | −248,752 | 12.0 | 58% |
| 2021 | 499,255 | 666,703 | −167,448 | 9.1 | 61% |
| 2022 | 1,204,789 | 697,333 | 507,456 | 17.5 | 57% |
| 2023 | 626,842 | 832,028 | −205,186 | 11.7 | 52% |
In its most recent public year (2023), this organization spent $205,186 more than it brought in. Its reserves stood at about 11.7 months of spending. Staff pay was 52% 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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