Michigan Boating Industries Assoc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 345,105 | 949,108 | −604,003 | 94.5 | 44% |
| 2022 | 1,258,585 | 1,479,804 | −221,219 | 55.5 | 28% |
| 2023 | 3,313,964 | 2,392,374 | 921,590 | 38.7 | 17% |
| 2024 | 3,167,884 | 2,950,003 | 217,881 | 33.5 | 18% |
In its most recent public year (2024), this organization brought in $217,881 more than it spent. Its reserves stood at about 33.5 months of spending, down from 94.5 in 2021. Staff pay was 18% 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 2024. 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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