Mid-Atlantic Gigabit Innovation Collaboratory Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2016 | 24,886 | 13,526 | 11,360 | 10.1 | — |
| 2017 | 163,876 | 55,245 | 108,631 | 26.1 | — |
| 2018 | 70,815 | 84,747 | −13,932 | 15.0 | — |
| 2019 | 150,724 | 145,765 | 4,959 | 9.1 | — |
| 2020 | 152,284 | 193,088 | −40,804 | 4.4 | — |
| 2021 | 225,901 | 298,799 | −72,898 | -0.1 | 41% |
| 2022 | 407,674 | 349,472 | 58,202 | 1.9 | 44% |
| 2023 | 363,756 | 447,816 | −84,060 | -0.8 | 43% |
| 2024 | 339,123 | 353,584 | −14,461 | -1.5 | 51% |
In its most recent public year (2024), this organization spent $14,461 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-1.5 months), down from 10.1 in 2016. Staff pay was 51% of spending. $9,964 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 2024. 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
Mid-Atlantic Gigabit Innovation Collaboratory Inc's IRS filings as a feed — one entry per filing year, through 2024. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works