Rehabilitation Institute Of Michigan Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | −38,284,337 | 0 | −38,284,337 | — | — |
| 2013 | 3,484,231 | 0 | 3,484,231 | — | — |
| 2014 | 206,481 | 382,046 | −175,565 | 103.9 | 45% |
| 2015 | 182,420 | 515,690 | −333,270 | 62.3 | 31% |
| 2016 | 244,858 | 445,467 | −200,609 | 70.0 | 34% |
| 2017 | 299,353 | 434,522 | −135,169 | 72.1 | 34% |
| 2018 | 376,383 | 501,613 | −125,230 | 54.8 | 36% |
| 2019 | 1,655,875 | 512,134 | 1,143,741 | 87.6 | 37% |
| 2020 | 276,125 | 499,927 | −223,802 | 89.6 | 38% |
| 2021 | 5,229,943 | 491,962 | 4,737,981 | 212.0 | 31% |
| 2022 | 536,562 | 994,361 | −457,799 | 84.3 | 20% |
| 2023 | 647,771 | 819,389 | −171,618 | 109.5 | 24% |
In its most recent public year (2023), this organization spent $171,618 more than it brought in. Its reserves stood at about 109.5 months of spending. Staff pay was 24% of spending. $2,244,592 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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