Veterans Of Foreign Wars Dept Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 127,673 | 112,131 | 15,542 | 7.7 | 10% |
| 2012 | 142,335 | 128,152 | 14,183 | 7.6 | 12% |
| 2013 | 89,707 | 85,105 | 4,602 | 10.3 | 20% |
| 2014 | 56,013 | 49,402 | 6,611 | 18.0 | 35% |
| 2015 | 37,249 | 19,002 | 18,247 | 56.9 | 0% |
| 2016 | 53,124 | 60,837 | −7,713 | 16.2 | 30% |
| 2017 | 32,868 | 33,094 | −226 | 29.8 | 0% |
| 2018 | 29,159 | 23,143 | 6,016 | 45.7 | 0% |
| 2019 | 30,187 | 28,319 | 1,868 | 38.1 | 0% |
| 2020 | 24,936 | 20,903 | 4,033 | 49.8 | 0% |
| 2021 | 47,115 | 16,955 | 30,160 | 70.8 | 0% |
| 2022 | 78,085 | 44,919 | 33,166 | 32.3 | 0% |
| 2023 | 69,831 | 42,064 | 27,767 | 46.8 | — |
In its most recent public year (2023), this organization brought in $27,767 more than it spent. Its reserves stood at about 46.8 months of spending, up from 7.7 in 2011.
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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