Foundation For The New England Medical Innovation Center
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 236,030 | 124,126 | 111,904 | 10.5 | 0% |
| 2019 | 296,950 | 325,810 | −28,860 | 2.9 | 0% |
| 2020 | 321,713 | 352,995 | −31,282 | 1.6 | 0% |
| 2021 | 611,054 | 433,287 | 177,767 | 6.3 | 0% |
| 2022 | 342,553 | 548,351 | −205,798 | 0.5 | 0% |
| 2023 | 683,922 | 688,692 | −4,770 | 0.0 | 0% |
| 2024 | 727,025 | 721,380 | 5,645 | 0.1 | 0% |
In its most recent public year (2024), this organization brought in $5,645 more than it spent. Its reserves stood at about 0.1 months of spending, down from 10.5 in 2018. Staff pay was 0% of spending.
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
Foundation For The New England Medical Innovation Center'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