Mississippi Automobile Insurance Plan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 140,984 | 63,812 | 77,172 | 32.0 | — |
| 2021 | 141,384 | 60,811 | 80,573 | 48.7 | — |
| 2022 | 3,452 | 116,726 | −113,274 | 39.2 | — |
In its most recent public year (2022), this organization spent $113,274 more than it brought in. Its reserves stood at about 39.2 months of spending, up from 32 in 2020.
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 2022. 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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