Veterans Of Foreign Wars Dept Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 1,642,911 | 1,602,981 | 39,930 | 14.5 | 43% |
| 2013 | 1,782,256 | 1,716,020 | 66,236 | 14.0 | 44% |
| 2014 | 2,093,085 | 2,013,326 | 79,759 | 12.7 | 37% |
| 2016 | 2,219,166 | 2,078,914 | 140,252 | 13.7 | 43% |
| 2017 | 2,229,953 | 1,892,978 | 336,975 | 17.1 | 44% |
| 2018 | 1,807,931 | 1,834,665 | −26,734 | 17.6 | 47% |
| 2019 | 1,985,658 | 1,872,428 | 113,230 | 16.9 | 51% |
| 2020 | 1,803,516 | 1,732,988 | 70,528 | 18.9 | 56% |
| 2021 | 1,992,508 | 1,744,840 | 247,668 | 20.5 | 60% |
| 2022 | 1,962,824 | 2,092,797 | −129,973 | 16.4 | 54% |
| 2023 | 2,422,877 | 2,485,505 | −62,628 | 10.3 | 56% |
In its most recent public year (2023), this organization spent $62,628 more than it brought in. Its reserves stood at about 10.3 months of spending, down from 14.5 in 2012. Staff pay was 56% of spending.
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
Veterans Of Foreign Wars Dept Of 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