Michigan Israel Business Accelerator Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2016 | 48,417 | 55,576 | −7,159 | 5.6 | — |
| 2017 | 388,874 | 64,148 | 324,726 | 65.6 | 0% |
| 2018 | 420,194 | 328,418 | 91,776 | 16.2 | 0% |
| 2019 | 441,216 | 731,174 | −289,958 | 2.5 | 0% |
| 2020 | 1,106,800 | 381,689 | 725,111 | 27.6 | 0% |
| 2021 | 293,849 | 271,993 | 21,856 | 39.7 | 0% |
| 2022 | 556,601 | 405,973 | 150,628 | 31.0 | 0% |
| 2023 | 436,796 | 514,597 | −77,801 | 22.7 | 0% |
In its most recent public year (2023), this organization spent $77,801 more than it brought in. Its reserves stood at about 22.7 months of spending, up from 5.6 in 2016. Staff pay was 0% of spending. $72,461 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 Israel Business Accelerator Foundation'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