Lending Hands Of Michigan Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2014 | 64,712 | 57,283 | 7,429 | 6.0 | — |
| 2015 | 66,539 | 54,915 | 11,624 | 8.8 | — |
| 2016 | 93,620 | 65,766 | 27,854 | 12.4 | — |
| 2017 | 75,260 | 92,792 | −17,532 | 6.5 | — |
| 2018 | 55,049 | 80,682 | −25,633 | 3.7 | — |
| 2019 | 108,994 | 79,422 | 29,572 | 8.2 | — |
| 2020 | 132,514 | 88,431 | 44,083 | 13.4 | — |
| 2021 | 144,124 | 103,591 | 40,533 | 16.1 | — |
| 2022 | 276,750 | 134,771 | 141,979 | 25.0 | 37% |
| 2023 | 219,645 | 199,137 | 20,508 | 18.2 | 26% |
In its most recent public year (2023), this organization brought in $20,508 more than it spent. Its reserves stood at about 18.2 months of spending, up from 6 in 2014. Staff pay was 26% 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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