Michilimackinac Historical Society
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 24,228 | 72,351 | −48,123 | 306.9 | 33% |
| 2020 | 244,196 | 225,372 | 18,824 | 99.6 | 41% |
| 2021 | 125,417 | 157,259 | −31,842 | 140.3 | 49% |
| 2022 | 265,297 | 153,235 | 112,062 | 152.7 | 39% |
| 2023 | 304,664 | 180,083 | 124,581 | 138.3 | 46% |
In its most recent public year (2023), this organization brought in $124,581 more than it spent. Its reserves stood at about 138.3 months of spending, down from 306.9 in 2019. Staff pay was 46% of spending. $183,807 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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