Michigan Saves Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 10,003,715 | 8,061,830 | 1,941,885 | 18.8 | 0% |
| 2012 | 11,625,019 | 9,387,844 | 2,237,175 | 19.0 | 0% |
| 2013 | 6,035,817 | 7,906,733 | −1,870,916 | 19.7 | 0% |
| 2014 | 1,369,613 | 1,961,896 | −592,283 | 75.7 | 0% |
| 2015 | 111,201 | 1,419,774 | −1,308,573 | 93.6 | 0% |
| 2016 | 1,261,172 | 1,403,776 | −142,604 | 93.4 | 0% |
| 2017 | 2,485,783 | 1,580,709 | 905,074 | 89.8 | 0% |
| 2018 | 769,666 | 1,868,670 | −1,099,004 | 68.9 | 0% |
| 2019 | 3,404,929 | 2,876,055 | 528,874 | 47.0 | 0% |
| 2020 | 4,812,280 | 2,929,272 | 1,883,008 | 53.8 | 0% |
| 2021 | 5,834,358 | 3,788,162 | 2,046,196 | 51.2 | 0% |
| 2022 | 5,654,697 | 4,014,555 | 1,640,142 | 45.2 | 0% |
| 2023 | 17,758,875 | 7,376,036 | 10,382,839 | 41.6 | 0% |
In its most recent public year (2023), this organization brought in $10,382,839 more than it spent. Its reserves stood at about 41.6 months of spending, up from 18.8 in 2011. Staff pay was 0% of spending. $22,243,449 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
Michigan Saves Inc'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