Muncie Land Bank Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 107,385 | 40,589 | 66,796 | 28.6 | — |
| 2020 | 199,833 | 76,994 | 122,839 | 34.2 | — |
| 2021 | 152,402 | 103,393 | 49,009 | 31.2 | — |
| 2022 | 109,136 | 115,994 | −6,858 | 27.1 | — |
| 2023 | 206,203 | 168,040 | 38,163 | 21.4 | 35% |
In its most recent public year (2023), this organization brought in $38,163 more than it spent. Its reserves stood at about 21.4 months of spending, down from 28.6 in 2019. Staff pay was 35% of spending. $235,620 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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