Michiana Benevolent Society Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 257,303 | 283,569 | −26,266 | 4.7 | 47% |
| 2012 | 321,414 | 310,346 | 11,068 | 4.4 | 49% |
| 2013 | 458,547 | 269,744 | 188,803 | 13.5 | 53% |
| 2014 | 331,005 | 313,340 | 17,665 | 12.4 | 45% |
| 2015 | 321,481 | 309,904 | 11,577 | 12.9 | 47% |
| 2016 | 322,810 | 322,057 | 753 | 12.6 | 47% |
| 2017 | 465,186 | 332,901 | 132,285 | 17.0 | 45% |
| 2018 | 456,738 | 365,186 | 91,552 | 18.2 | 42% |
| 2019 | 395,970 | 388,207 | 7,763 | 17.8 | 43% |
| 2020 | 446,670 | 389,212 | 57,458 | 19.9 | 38% |
| 2021 | 380,769 | 369,129 | 11,640 | 21.6 | 40% |
| 2022 | 383,559 | 399,657 | −16,098 | 18.7 | 42% |
| 2023 | 408,260 | 421,017 | −12,757 | 17.8 | 41% |
In its most recent public year (2023), this organization spent $12,757 more than it brought in. Its reserves stood at about 17.8 months of spending, up from 4.7 in 2011. Staff pay was 41% of spending. $15,506 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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