Mississippi Low-Income Child-Care Initiative
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,079,455 | 1,036,170 | 43,285 | 10.0 | 33% |
| 2021 | 1,345,537 | 863,617 | 481,920 | 18.7 | 45% |
| 2022 | 588,321 | 925,314 | −336,993 | 13.1 | 43% |
| 2023 | 3,592,938 | 1,100,459 | 2,492,479 | 38.3 | 38% |
In its most recent public year (2023), this organization brought in $2,492,479 more than it spent. Its reserves stood at about 38.3 months of spending, up from 10 in 2020. Staff pay was 38% of spending. $44,467 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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