Micronesian Legal Services Corp
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 2,138,584 | 2,274,466 | −135,882 | 6.5 | 64% |
| 2019 | 0 | 0 | 0 | — | — |
| 2020 | 3,298,734 | 3,396,270 | −97,536 | 4.1 | 70% |
| 2022 | 3,614,222 | 3,665,383 | −51,161 | 3.7 | 61% |
| 2023 | 3,584,427 | 3,814,086 | −229,659 | 3.6 | 59% |
In its most recent public year (2023), this organization spent $229,659 more than it brought in. Its reserves stood at about 3.6 months of spending, down from 6.5 in 2018. Staff pay was 59% of spending. $562,240 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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