West Michigan Construction Institute
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 261,033 | 80 | 260,953 | 39142.9 | 0% |
| 2021 | 2,787,735 | 144,119 | 2,643,616 | 241.8 | 0% |
| 2022 | 3,012,397 | 1,248,061 | 1,764,336 | 49.0 | 0% |
| 2023 | 493,572 | 634,133 | −140,561 | 93.8 | 0% |
| 2024 | 2,918,017 | 1,644,295 | 1,273,722 | 45.5 | 0% |
In its most recent public year (2024), this organization brought in $1,273,722 more than it spent. Its reserves stood at about 45.5 months of spending, down from 39142.9 in 2020. Staff pay was 0% of spending. $1,639,384 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 2024. 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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