Midwest Cardiovascular Research Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 988,025 | 1,009,653 | −21,628 | 4.3 | 41% |
| 2021 | 1,191,778 | 1,173,798 | 17,980 | 3.9 | 42% |
| 2022 | 1,525,149 | 1,262,288 | 262,861 | 6.1 | 40% |
| 2023 | 1,553,299 | 1,517,802 | 35,497 | 5.4 | 49% |
In its most recent public year (2023), this organization brought in $35,497 more than it spent. Its reserves stood at about 5.4 months of spending, up from 4.3 in 2020. Staff pay was 49% 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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