Veterans Of Foreign Wars Dept Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 52,917 | 58,308 | −5,391 | 12.0 | — |
| 2012 | 64,093 | 68,744 | −4,651 | 9.3 | — |
| 2013 | 60,910 | 60,194 | 716 | 10.8 | — |
| 2014 | 66,050 | 63,243 | 2,807 | 10.8 | — |
| 2015 | 63,972 | 65,158 | −1,186 | 10.3 | — |
| 2016 | 48,488 | 53,889 | −5,401 | 11.2 | — |
| 2017 | 57,652 | 48,181 | 9,471 | 14.9 | — |
| 2018 | 59,943 | 52,703 | 7,240 | 15.3 | — |
| 2019 | 56,445 | 48,725 | 7,720 | 18.4 | — |
| 2020 | 44,717 | 44,856 | −139 | 20.0 | — |
| 2021 | 76,002 | 73,115 | 2,887 | 12.7 | — |
| 2022 | 80,857 | 82,153 | −1,296 | 11.2 | — |
| 2023 | 74,853 | 81,481 | −6,628 | 10.3 | — |
In its most recent public year (2023), this organization spent $6,628 more than it brought in. Its reserves stood at about 10.3 months of spending, down from 12 in 2011.
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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