everyledgerAn index of 679,731 U.S. nonprofits · computed from public IRS filings · current through 2024

Fernwood Inc

Niles, MI / EIN 38-1750543 / Form 990 / latest filing 2023
Operating record · U.S. dollars
Fiscal yearRevenueExpensesNetReserve mo.Staff %
2012684,796771,635−86,83943.546%
2013853,520753,57599,94546.149%
20141,249,805838,833410,97247.346%
20151,650,452910,133740,31953.342%
20161,151,733814,870336,86364.548%
2017985,502838,949146,55367.736%
20181,493,177884,856608,32174.940%
2019713,8651,114,014−400,14955.837%
2020720,120993,362−273,24257.848%
2021955,022700,646254,37697.443%
2022908,195938,677−30,48273.645%
2023884,2091,330,627−446,41845.342%

In its most recent public year (2023), this organization spent $446,418 more than it brought in. Its reserves stood at about 45.3 months of spending, up from 43.5 in 2012. Staff pay was 42% of spending. $44,065 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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