Michigan College Access Network
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 1,807,576 | 1,857,838 | −50,262 | -0.1 | 23% |
| 2013 | 2,545,775 | 2,565,868 | −20,093 | -0.2 | 11% |
| 2014 | 2,732,014 | 2,731,969 | 45 | -0.2 | 12% |
| 2015 | 3,638,652 | 3,631,608 | 7,044 | -0.1 | 31% |
| 2016 | 5,786,646 | 5,713,833 | 72,813 | 0.1 | 38% |
| 2017 | 5,944,686 | 5,774,747 | 169,939 | 1.6 | 34% |
| 2018 | 5,386,083 | 5,582,687 | −196,604 | 1.2 | 36% |
| 2019 | 7,395,899 | 5,652,273 | 1,743,626 | 4.9 | 35% |
| 2020 | 7,814,956 | 6,484,474 | 1,330,482 | 6.7 | 38% |
| 2021 | 7,946,913 | 7,073,559 | 873,354 | 7.6 | 43% |
| 2022 | 9,806,026 | 8,429,669 | 1,376,357 | 8.4 | 40% |
| 2023 | 10,860,106 | 9,982,888 | 877,218 | 8.1 | 41% |
In its most recent public year (2023), this organization brought in $877,218 more than it spent. Its reserves stood at about 8.1 months of spending, up from -0.1 in 2012. Staff pay was 41% of spending. $3,403,904 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 College Access Network'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