Michigan Association Ofchiropractors
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,440,218 | 1,530,191 | −89,973 | 9.7 | 45% |
| 2021 | 1,642,881 | 1,648,057 | −5,176 | 9.0 | 40% |
| 2022 | 1,849,957 | 2,063,112 | −213,155 | 6.0 | 27% |
| 2023 | 1,876,490 | 2,145,565 | −269,075 | 4.2 | 36% |
In its most recent public year (2023), this organization spent $269,075 more than it brought in. Its reserves stood at about 4.2 months of spending, down from 9.7 in 2020. Staff pay was 36% 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 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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