First In Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 696,346 | 546,271 | 150,075 | 5.7 | 0% |
| 2012 | 444,734 | 531,440 | −86,706 | 3.9 | 0% |
| 2013 | 627,876 | 587,040 | 40,836 | 4.4 | 0% |
| 2014 | 807,133 | 717,156 | 89,977 | 5.1 | 0% |
| 2015 | 1,023,008 | 765,035 | 257,973 | 8.8 | 0% |
| 2016 | 1,604,659 | 1,294,008 | 310,651 | 8.1 | 0% |
| 2017 | 2,074,823 | 1,830,990 | 243,833 | 7.3 | 9% |
| 2018 | 2,399,908 | 2,168,054 | 231,854 | 7.5 | 11% |
| 2019 | 2,616,247 | 2,674,533 | −58,286 | 5.8 | 10% |
| 2020 | 2,495,863 | 1,805,539 | 690,324 | 13.2 | 14% |
| 2021 | 2,443,658 | 1,415,311 | 1,028,347 | 25.5 | 18% |
| 2022 | 3,174,328 | 2,389,830 | 784,498 | 19.0 | 11% |
| 2023 | 3,104,770 | 2,877,033 | 227,737 | 16.8 | 9% |
In its most recent public year (2023), this organization brought in $227,737 more than it spent. Its reserves stood at about 16.8 months of spending, up from 5.7 in 2011. Staff pay was 9% of spending. $1,649,924 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
First In Michigan'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