Progress Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 185,025 | 115,343 | 69,682 | 11.0 | — |
| 2012 | 456,882 | 454,778 | 2,104 | 2.8 | 0% |
| 2013 | 160,135 | 179,065 | −18,930 | 6.0 | 0% |
| 2014 | 631,305 | 507,729 | 123,576 | 5.0 | 0% |
| 2015 | 233,020 | 384,018 | −150,998 | 1.9 | 0% |
| 2016 | 1,072,107 | 1,097,694 | −25,587 | 0.4 | 0% |
| 2017 | 374,835 | 395,382 | −20,547 | 0.5 | 0% |
| 2018 | 2,256,254 | 2,008,786 | 247,468 | 1.6 | 0% |
| 2019 | 1,169,408 | 766,833 | 402,575 | 10.6 | 0% |
| 2020 | 6,013,541 | 4,656,719 | 1,356,822 | 5.2 | 0% |
| 2021 | 1,598,975 | 2,777,522 | −1,178,547 | 3.7 | 0% |
| 2022 | 3,927,633 | 3,906,268 | 21,365 | 2.7 | 0% |
| 2023 | 1,863,355 | 1,524,913 | 338,442 | 9.5 | 0% |
In its most recent public year (2023), this organization brought in $338,442 more than it spent. Its reserves stood at about 9.5 months of spending, down from 11 in 2011. Staff pay was 0% of spending.
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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