Veterans Of Foreign Wars Dept Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 204,208 | 51,394 | 152,814 | 45.3 | 0% |
| 2022 | 84,867 | 56,917 | 27,950 | 46.8 | — |
| 2023 | 81,939 | 65,232 | 16,707 | 43.9 | — |
In its most recent public year (2023), this organization brought in $16,707 more than it spent. Its reserves stood at about 43.9 months of spending, down from 45.3 in 2021.
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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