Veterans Of Foreign Wars Dept Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 132,832 | 118,601 | 14,231 | 39.2 | 13% |
| 2012 | 145,028 | 139,238 | 5,790 | 33.9 | 15% |
| 2013 | 136,942 | 107,595 | 29,347 | 47.1 | 14% |
| 2014 | 117,813 | 96,719 | 21,094 | 55.0 | 17% |
| 2015 | 77,858 | 99,805 | −21,947 | 12.6 | 11% |
| 2016 | 69,664 | 80,812 | −11,148 | 13.9 | 7% |
| 2017 | 55,594 | 74,467 | −18,873 | 12.1 | 13% |
| 2018 | 51,311 | 98,958 | −47,647 | 3.3 | 18% |
| 2019 | 71,420 | 94,704 | −23,284 | 0.5 | 28% |
| 2020 | 46,863 | 47,071 | −208 | 0.9 | 21% |
| 2021 | 63,401 | 54,219 | 9,182 | 2.9 | 21% |
| 2022 | 68,400 | 61,054 | 7,346 | 1.4 | 38% |
| 2023 | 156,428 | 153,401 | 3,027 | 0.8 | 19% |
In its most recent public year (2023), this organization brought in $3,027 more than it spent. Its reserves stood at about 0.8 months of spending, down from 39.2 in 2011. Staff pay was 19% 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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