Michigan Community Capital
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,846,810 | 763,532 | 1,083,278 | 28.2 | 0% |
| 2012 | 1,210,863 | 850,257 | 360,606 | 30.4 | 0% |
| 2013 | 1,093,756 | 770,343 | 323,413 | 38.6 | 0% |
| 2014 | 743,823 | 755,036 | −11,213 | 39.2 | 0% |
| 2015 | 727,626 | 611,209 | 116,417 | 50.7 | 0% |
| 2016 | 706,408 | 633,336 | 73,072 | 50.3 | 0% |
| 2017 | 985,737 | 810,927 | 174,810 | 42.1 | 15% |
| 2018 | 2,436,493 | 2,522,623 | −86,130 | 13.7 | 8% |
| 2019 | 2,972,593 | 1,316,668 | 1,655,925 | 44.4 | 34% |
| 2020 | 3,737,937 | 2,728,877 | 1,009,060 | 26.3 | 21% |
| 2021 | 9,741,868 | 3,845,636 | 5,896,232 | 49.5 | 27% |
| 2022 | 4,447,895 | 6,040,435 | −1,592,540 | 35.1 | 26% |
| 2023 | 6,661,371 | 7,243,751 | −582,380 | 23.6 | 15% |
In its most recent public year (2023), this organization spent $582,380 more than it brought in. Its reserves stood at about 23.6 months of spending, down from 28.2 in 2011. Staff pay was 15% of spending. $1,035,439 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 Community Capital'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