Michigan Museums Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 93,763 | 60,230 | 33,533 | 29.7 | — |
| 2021 | 130,695 | 91,440 | 39,255 | 24.7 | — |
| 2022 | 166,073 | 152,695 | 13,378 | 15.9 | — |
| 2023 | 208,245 | 165,767 | 42,478 | 17.7 | 41% |
In its most recent public year (2023), this organization brought in $42,478 more than it spent. Its reserves stood at about 17.7 months of spending, down from 29.7 in 2020. Staff pay was 41% of spending. $69,846 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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