Community Foundation For Northeast Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 3,946,905 | 2,639,684 | 1,307,221 | 187.9 | 15% |
| 2021 | 11,593,887 | 2,557,785 | 9,036,102 | 255.0 | 15% |
| 2022 | 10,053,011 | 2,938,938 | 7,114,073 | 188.6 | 13% |
| 2023 | 6,092,215 | 2,677,028 | 3,415,187 | 244.6 | 15% |
In its most recent public year (2023), this organization brought in $3,415,187 more than it spent. Its reserves stood at about 244.6 months of spending, up from 187.9 in 2020. Staff pay was 15% of spending. $50,346,205 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
A new entry when its next filing is released. No account, no email; works in any feed reader, Slack, or automation tool. How following works