Northern Michigan Catholic Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 2,077,860 | 361,814 | 1,716,046 | 630.8 | 0% |
| 2019 | 1,924,290 | 808,878 | 1,115,412 | 337.5 | 0% |
| 2020 | 1,792,383 | 850,803 | 941,580 | 359.3 | 0% |
| 2021 | 2,831,837 | 822,422 | 2,009,415 | 425.4 | 0% |
| 2022 | 6,801,988 | 816,606 | 5,985,382 | 444.0 | 0% |
| 2023 | 3,291,678 | 954,927 | 2,336,751 | 454.4 | 2% |
In its most recent public year (2023), this organization brought in $2,336,751 more than it spent. Its reserves stood at about 454.4 months of spending, down from 630.8 in 2018. Staff pay was 2% of spending. $35,054,021 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
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