Mims Water Supply Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 505,763 | 504,551 | 1,212 | 29.2 | 28% |
| 2021 | 506,846 | 511,101 | −4,255 | 28.6 | 29% |
| 2022 | 545,232 | 553,456 | −8,224 | 26.2 | 28% |
| 2023 | 548,513 | 576,362 | −27,849 | 24.6 | 26% |
In its most recent public year (2023), this organization spent $27,849 more than it brought in. Its reserves stood at about 24.6 months of spending, down from 29.2 in 2020. Staff pay was 26% of spending. $457,010 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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