Mct Endowment Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 690,203 | 111,433 | 578,770 | 581.3 | 0% |
| 2019 | 440,310 | 100,054 | 340,256 | 796.2 | 0% |
| 2020 | 493,319 | 346,329 | 146,990 | 261.3 | 0% |
| 2021 | 875,697 | 184,437 | 691,260 | 557.7 | 0% |
| 2022 | 428,232 | 163,263 | 264,969 | 494.3 | 0% |
| 2023 | 531,410 | 237,423 | 293,987 | 403.1 | 0% |
In its most recent public year (2023), this organization brought in $293,987 more than it spent. Its reserves stood at about 403.1 months of spending, down from 581.3 in 2018. Staff pay was 0% of spending. $397,434 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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