Veterans Of Foreign Wars Dept Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 55,954 | 48,203 | 7,751 | 31.5 | 9% |
| 2012 | 59,212 | 53,389 | 5,823 | 29.8 | 8% |
| 2013 | 44,539 | 45,627 | −1,088 | 34.6 | 0% |
| 2014 | 54,839 | 49,723 | 5,116 | 32.9 | 0% |
| 2015 | 57,732 | 55,480 | 2,252 | 30.0 | 0% |
| 2016 | 38,124 | 49,042 | −10,918 | 31.3 | 1% |
| 2017 | 43,916 | 56,600 | −12,684 | 24.4 | 0% |
| 2018 | 64,546 | 62,513 | 2,033 | 22.5 | 0% |
| 2019 | 52,328 | 53,811 | −1,483 | 25.8 | 0% |
| 2023 | 36,765 | 41,399 | −4,634 | 36.6 | 0% |
In its most recent public year (2023), this organization spent $4,634 more than it brought in. Its reserves stood at about 36.6 months of spending, up from 31.5 in 2011. Staff pay was 0% 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
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