Veterans Of Foreign Wars Dept Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 28,526 | 23,199 | 5,327 | 9.8 | 19% |
| 2012 | 26,112 | 30,628 | −4,516 | 5.6 | 14% |
| 2013 | 37,582 | 29,240 | 8,342 | 9.3 | 17% |
| 2014 | 13,509 | 15,748 | −2,239 | 15.6 | 22% |
| 2015 | 24,089 | 21,351 | 2,738 | 13.0 | 0% |
| 2016 | 12,606 | 10,120 | 2,486 | 33.2 | 0% |
| 2017 | 100,389 | 39,488 | 60,901 | 27.0 | 12% |
| 2018 | 45,221 | 50,574 | −5,353 | 20.4 | — |
| 2019 | 38,024 | 43,060 | −5,036 | 22.5 | — |
| 2021 | 46,948 | 34,916 | 12,032 | 30.2 | 14% |
| 2022 | 44,050 | 41,076 | 2,974 | 26.5 | 12% |
| 2023 | 33,477 | 53,698 | −20,221 | 16.2 | 9% |
In its most recent public year (2023), this organization spent $20,221 more than it brought in. Its reserves stood at about 16.2 months of spending, up from 9.8 in 2011. Staff pay was 9% 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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