Morgans Inclusion Initiative
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 14,408,703 | 14,361,029 | 47,674 | 0.0 | 0% |
| 2021 | 21,840,113 | 9,510,995 | 12,329,118 | 15.6 | 6% |
| 2022 | 3,619,373 | 2,954,350 | 665,023 | 53.0 | 37% |
| 2023 | 3,776,051 | 6,144,983 | −2,368,932 | 20.8 | 23% |
In its most recent public year (2023), this organization spent $2,368,932 more than it brought in. Its reserves stood at about 20.8 months of spending, up from 0 in 2020. Staff pay was 23% of spending. $1,015,222 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
Morgans Inclusion Initiative'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