Multicultural Media & Correspondents Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 236,000 | 221,544 | 14,456 | 0.8 | 46% |
| 2019 | 244,506 | 231,153 | 13,353 | 1.4 | 22% |
| 2020 | 334,500 | 262,562 | 71,938 | 3.3 | 51% |
| 2021 | 400,547 | 70,218 | 330,329 | -33.7 | 0% |
| 2022 | 359,682 | 444,270 | −84,588 | -7.6 | 0% |
| 2023 | 496,361 | 436,589 | 59,772 | -6.1 | 0% |
In its most recent public year (2023), this organization brought in $59,772 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-6.1 months), down from 0.8 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 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
Multicultural Media & Correspondents Association's IRS filings as a feed — one entry per filing year, through 2023. 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