Innovate Mississippi
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 3,555,113 | 3,725,493 | −170,380 | -0.3 | 31% |
| 2012 | 3,151,365 | 3,257,878 | −106,513 | -0.7 | 36% |
| 2013 | 3,470,329 | 3,707,024 | −236,695 | -2.2 | 37% |
| 2014 | 3,104,327 | 3,215,959 | −111,632 | -3.0 | 38% |
| 2015 | 2,964,459 | 2,974,829 | −10,370 | -3.2 | 42% |
| 2016 | 3,130,650 | 2,907,366 | 223,284 | -2.4 | 38% |
| 2017 | 2,711,264 | 2,078,523 | 632,741 | 0.3 | 34% |
| 2018 | 2,602,489 | 1,733,780 | 868,709 | 6.4 | 31% |
| 2019 | 1,295,881 | 1,605,979 | −310,098 | 4.6 | 42% |
| 2020 | 1,855,161 | 1,922,009 | −66,848 | 3.4 | 38% |
| 2021 | 1,482,573 | 1,742,792 | −260,219 | 2.0 | 31% |
| 2022 | 1,747,154 | 1,837,164 | −90,010 | 1.3 | 27% |
| 2023 | 1,998,207 | 1,683,360 | 314,847 | 3.6 | 31% |
In its most recent public year (2023), this organization brought in $314,847 more than it spent. Its reserves stood at about 3.6 months of spending, up from -0.3 in 2011. Staff pay was 31% of spending. $225,460 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
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