Veterans Of Foreign Wars Dept Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 196,316 | 182,272 | 14,044 | 2.0 | — |
| 2012 | 191,675 | 185,431 | 6,244 | 2.4 | — |
| 2013 | 189,570 | 196,562 | −6,992 | 1.8 | — |
| 2014 | 184,136 | 200,188 | −16,052 | 0.8 | — |
| 2015 | 199,906 | 202,583 | −2,677 | 0.6 | — |
| 2016 | 190,479 | 189,047 | 1,432 | 0.8 | — |
| 2017 | 171,682 | 177,806 | −6,124 | 0.4 | — |
| 2018 | 171,196 | 170,483 | 713 | 0.5 | — |
| 2019 | 158,727 | 158,096 | 631 | 0.6 | — |
| 2020 | 89,335 | 72,813 | 16,522 | 4.0 | — |
| 2021 | 188,241 | 170,621 | 17,620 | 4.3 | — |
| 2022 | 189,699 | 196,251 | −6,552 | 3.4 | — |
| 2023 | 206,838 | 202,524 | 4,314 | 3.5 | 12% |
In its most recent public year (2023), this organization brought in $4,314 more than it spent. Its reserves stood at about 3.5 months of spending, up from 2 in 2011. Staff pay was 12% 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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