Michigan Assn Of Fairs & Exhibitions
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 221,353 | 212,536 | 8,817 | 10.3 | 0% |
| 2021 | 51,318 | 108,320 | −57,002 | 14.0 | 31% |
| 2022 | 191,134 | 218,225 | −27,091 | 5.4 | 23% |
| 2023 | 225,195 | 234,726 | −9,531 | 4.6 | 23% |
In its most recent public year (2023), this organization spent $9,531 more than it brought in. Its reserves stood at about 4.6 months of spending, down from 10.3 in 2020. Staff pay was 23% 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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