Michigan Legal Services
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 597,459 | 590,587 | 6,872 | 6.9 | 48% |
| 2011 | 677,530 | 628,479 | 49,051 | 7.4 | 44% |
| 2012 | 498,329 | 579,681 | −81,352 | 6.4 | 45% |
| 2013 | 575,110 | 591,599 | −16,489 | 6.1 | 40% |
| 2014 | 610,682 | 593,481 | 17,201 | 6.4 | 35% |
| 2015 | 692,475 | 660,341 | 32,134 | 6.4 | 32% |
| 2016 | 873,433 | 725,945 | 147,488 | 8.2 | 37% |
| 2017 | 878,875 | 895,986 | −17,111 | 6.4 | 38% |
| 2018 | 895,148 | 839,771 | 55,377 | 7.7 | 40% |
| 2019 | 988,991 | 878,668 | 110,323 | 8.8 | 35% |
| 2020 | 1,125,131 | 956,411 | 168,720 | 10.2 | 37% |
| 2021 | 1,666,205 | 1,322,972 | 343,233 | 10.5 | 46% |
| 2022 | 2,402,865 | 2,258,511 | 144,354 | 6.9 | 43% |
| 2023 | 2,979,472 | 3,445,787 | −466,315 | 2.9 | 51% |
In its most recent public year (2023), this organization spent $466,315 more than it brought in. Its reserves stood at about 2.9 months of spending, down from 6.9 in 2010. Staff pay was 51% of spending. $327,080 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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