Mlk Cooperative Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 751,634 | 853,040 | −101,406 | 12.3 | 15% |
| 2021 | 721,514 | 730,954 | −9,440 | 14.2 | 20% |
| 2022 | 270,681 | 748,615 | −477,934 | 6.2 | 10% |
| 2023 | 0 | 944,017 | −944,017 | -7.1 | 0% |
In its most recent public year (2023), this organization spent $944,017 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-7.1 months), down from 12.3 in 2020. 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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