National Institute Of Minority Economic Development
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 3,560,983 | 3,424,299 | 136,684 | 12.9 | 38% |
| 2013 | 3,053,129 | 3,101,958 | −48,829 | 14.1 | 42% |
| 2014 | 1,445,770 | 2,381,316 | −935,546 | 13.6 | 38% |
| 2015 | 1,237,059 | 1,700,602 | −463,543 | 15.8 | 53% |
| 2016 | 1,744,912 | 2,105,461 | −360,549 | 10.7 | 50% |
| 2017 | 1,921,434 | 1,851,460 | 69,974 | 12.6 | 52% |
| 2018 | 1,723,791 | 1,702,381 | 21,410 | 13.9 | 53% |
| 2019 | 1,379,962 | 1,467,006 | −87,044 | 15.4 | 48% |
| 2020 | 1,411,622 | 2,038,618 | −626,996 | 51.2 | 30% |
| 2021 | 4,581,072 | 4,429,302 | 151,770 | 24.0 | 42% |
| 2022 | 6,397,874 | 5,089,182 | 1,308,692 | 23.9 | 47% |
| 2023 | 12,194,431 | 7,819,600 | 4,374,831 | 22.3 | 37% |
In its most recent public year (2023), this organization brought in $4,374,831 more than it spent. Its reserves stood at about 22.3 months of spending, up from 12.9 in 2012. Staff pay was 37% of spending. $6,899,505 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
National Institute Of Minority Economic Development's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works