Mechanics Institute
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 5,280,234 | 2,103,188 | 3,177,046 | 115.3 | 67% |
| 2022 | 1,373,664 | 2,231,396 | −857,732 | 93.0 | 61% |
| 2023 | 3,055,833 | 2,189,775 | 866,058 | 103.4 | 63% |
In its most recent public year (2023), this organization brought in $866,058 more than it spent. Its reserves stood at about 103.4 months of spending, down from 115.3 in 2021. Staff pay was 63% of spending. $3,709,201 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
Mechanics 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