Michigan Library Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 666,700 | 536,934 | 129,766 | 11.5 | 38% |
| 2013 | 707,424 | 654,879 | 52,545 | 10.4 | 43% |
| 2014 | 698,783 | 614,907 | 83,876 | 12.7 | 43% |
| 2015 | 601,371 | 655,761 | −54,390 | 10.9 | 42% |
| 2016 | 623,887 | 673,079 | −49,192 | 9.8 | 44% |
| 2017 | 604,298 | 625,069 | −20,771 | 10.1 | 43% |
| 2018 | 690,790 | 651,791 | 38,999 | 10.4 | 46% |
| 2019 | 740,096 | 709,793 | 30,303 | 10.1 | 44% |
| 2020 | 779,785 | 669,370 | 110,415 | 12.7 | 44% |
| 2021 | 577,033 | 573,825 | 3,208 | 14.7 | 47% |
| 2022 | 1,080,553 | 959,156 | 121,397 | 10.3 | 32% |
| 2023 | 898,883 | 898,292 | 591 | 11.0 | 37% |
In its most recent public year (2023), this organization brought in $591 more than it spent. Its reserves stood at about 11 months of spending. Staff pay was 37% of spending. $6,684 of its net assets are donor-restricted.
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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