Michigan Home For The Armenian Aged Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,706,483 | 1,679,665 | 26,818 | 16.0 | 52% |
| 2012 | 1,906,996 | 1,723,665 | 183,331 | 17.1 | 53% |
| 2013 | 2,017,285 | 1,898,637 | 118,648 | 16.2 | 56% |
| 2014 | 1,947,439 | 2,044,798 | −97,359 | 14.4 | 56% |
| 2015 | 2,185,872 | 2,337,898 | −152,026 | 11.6 | 51% |
| 2016 | 2,233,102 | 2,394,271 | −161,169 | 20.7 | 51% |
| 2017 | 2,346,323 | 2,473,895 | −127,572 | 19.6 | 52% |
| 2018 | 2,526,269 | 2,546,069 | −19,800 | 18.8 | 54% |
| 2019 | 2,475,266 | 2,694,936 | −219,670 | 17.0 | 54% |
| 2020 | 2,664,795 | 3,120,638 | −455,843 | 13.0 | 51% |
| 2021 | 2,572,893 | 2,744,882 | −171,989 | 14.1 | 53% |
| 2022 | 2,178,397 | 2,675,498 | −497,101 | 12.0 | 55% |
| 2023 | 2,470,945 | 2,827,642 | −356,697 | 9.9 | 53% |
In its most recent public year (2023), this organization spent $356,697 more than it brought in. Its reserves stood at about 9.9 months of spending, down from 16 in 2011. Staff pay was 53% 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
Michigan Home For The Armenian Aged Inc's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works