Material Innovation Institute
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 651,878 | 196,692 | 455,186 | 27.8 | 46% |
| 2021 | 978,671 | 688,964 | 289,707 | 13.0 | 29% |
| 2022 | 1,886,970 | 1,360,112 | 526,858 | 11.0 | 51% |
| 2023 | 1,163,908 | 1,525,190 | −361,282 | 6.9 | 60% |
In its most recent public year (2023), this organization spent $361,282 more than it brought in. Its reserves stood at about 6.9 months of spending, down from 27.8 in 2020. Staff pay was 60% of spending. $298,794 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
Material Innovation Institute'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