Veterans Of Foreign Wars Dept Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 139,776 | 147,245 | −7,469 | 6.5 | 22% |
| 2013 | 166,013 | 160,863 | 5,150 | 6.3 | 23% |
| 2014 | 167,851 | 177,154 | −9,303 | 7.0 | 20% |
| 2015 | 144,518 | 171,044 | −26,526 | 6.9 | 24% |
| 2016 | 127,307 | 115,817 | 11,490 | 11.3 | 33% |
| 2017 | 132,649 | 147,156 | −14,507 | 7.7 | 31% |
| 2018 | 180,336 | 142,744 | 37,592 | 11.1 | 35% |
| 2019 | 153,595 | 171,540 | −17,945 | 8.0 | 31% |
| 2020 | 159,156 | 125,842 | 33,314 | 8.3 | 47% |
| 2021 | 129,940 | 108,261 | 21,679 | 18.6 | 44% |
| 2022 | 181,964 | 102,505 | 79,459 | 27.1 | 49% |
| 2023 | 37,352 | 53,138 | −15,786 | 44.9 | 42% |
In its most recent public year (2023), this organization spent $15,786 more than it brought in. Its reserves stood at about 44.9 months of spending, up from 6.5 in 2012. Staff pay was 42% 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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