Progress Michigan Education
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 742,607 | 400,030 | 342,577 | 15.1 | 61% |
| 2012 | 346,782 | 537,466 | −190,684 | 7.0 | 67% |
| 2013 | 140,257 | 302,289 | −162,032 | 6.0 | 67% |
| 2014 | 562,702 | 330,110 | 232,592 | 13.9 | 79% |
| 2015 | 517,349 | 681,518 | −164,169 | 3.9 | 43% |
| 2016 | 569,563 | 370,352 | 199,211 | 13.6 | 67% |
| 2017 | 810,745 | 585,258 | 225,487 | 13.2 | 66% |
| 2018 | 610,487 | 896,372 | −285,885 | 4.8 | 67% |
| 2019 | 2,219,340 | 1,405,985 | 813,355 | 10.0 | 54% |
| 2020 | 10,998,057 | 7,329,308 | 3,668,749 | 7.9 | 18% |
| 2021 | 841,661 | 4,522,333 | −3,680,672 | 3.1 | 12% |
| 2022 | 1,527,267 | 1,551,003 | −23,736 | 8.8 | 45% |
| 2023 | 701,741 | 1,004,535 | −302,794 | 10.0 | 78% |
In its most recent public year (2023), this organization spent $302,794 more than it brought in. Its reserves stood at about 10 months of spending, down from 15.1 in 2011. Staff pay was 78% of spending. $74,000 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
Progress Michigan Education's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works