Michigan Itinerant Shelter Sytem Interdependent Out Of Necessity
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2013 | 144,804 | 36,901 | 107,903 | 35.1 | — |
| 2014 | 104,700 | 90,861 | 13,839 | 16.1 | — |
| 2015 | 66,922 | 36,666 | 30,256 | 51.4 | — |
| 2016 | 143,036 | 107,828 | 35,208 | 26.2 | — |
| 2017 | 124,433 | 119,521 | 4,912 | 24.1 | — |
| 2018 | 91,250 | 94,100 | −2,850 | 30.3 | — |
| 2019 | 167,739 | 194,707 | −26,968 | 13.0 | — |
| 2020 | 163,200 | 177,028 | −13,828 | 15.0 | — |
| 2021 | 154,529 | 134,372 | 20,157 | 22.9 | — |
| 2022 | 400,562 | 166,271 | 234,291 | 35.4 | 0% |
| 2023 | 646,883 | 600,820 | 46,063 | 10.7 | 0% |
In its most recent public year (2023), this organization brought in $46,063 more than it spent. Its reserves stood at about 10.7 months of spending, down from 35.1 in 2013. 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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