Life Challenge Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2014 | 244,309 | 371,302 | −126,993 | -4.1 | — |
| 2015 | 485,007 | 401,161 | 83,846 | -6.5 | 43% |
| 2016 | 453,588 | 437,770 | 15,818 | -5.5 | 57% |
| 2017 | 395,405 | 426,933 | −31,528 | -6.5 | 50% |
| 2018 | 189,261 | 179,373 | 9,888 | -14.9 | 14% |
| 2019 | 189,624 | 170,347 | 19,277 | -15.5 | 0% |
| 2020 | 292,049 | 185,185 | 106,864 | -7.4 | 0% |
| 2021 | 116,563 | 106,889 | 9,674 | -11.7 | 0% |
| 2022 | 207,323 | 207,040 | 283 | -6.0 | 0% |
| 2023 | 338,044 | 209,766 | 128,278 | 1.4 | 0% |
| 2024 | 181,043 | 186,225 | −5,182 | 1.2 | 0% |
In its most recent public year (2024), this organization spent $5,182 more than it brought in. Its reserves stood at about 1.2 months of spending, up from -4.1 in 2014. Staff pay was 0% of spending.
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 2024. 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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