Veterans Of Foreign Wars Dept Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 290,351 | 285,168 | 5,183 | 1.0 | 0% |
| 2021 | 402,237 | 384,327 | 17,910 | 1.3 | 0% |
| 2022 | 509,780 | 510,280 | −500 | 1.0 | 0% |
| 2023 | 601,857 | 580,427 | 21,430 | 1.3 | 0% |
In its most recent public year (2023), this organization brought in $21,430 more than it spent. Its reserves stood at about 1.3 months of spending. 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 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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