Veterans Of Foreign Wars Dept Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 136,778 | 140,799 | −4,021 | 18.3 | 14% |
| 2012 | 71,490 | 82,501 | −11,011 | 29.7 | 24% |
| 2013 | 61,238 | 65,219 | −3,981 | 36.8 | 23% |
| 2014 | 72,891 | 68,682 | 4,209 | 35.7 | 19% |
| 2015 | 69,279 | 58,967 | 10,312 | 43.7 | 21% |
| 2016 | 63,080 | 69,609 | −6,529 | 35.9 | 20% |
| 2017 | 75,483 | 75,423 | 60 | 33.1 | 22% |
| 2018 | 83,569 | 80,146 | 3,423 | 31.7 | 19% |
| 2019 | 60,284 | 59,014 | 1,270 | 43.3 | 23% |
| 2020 | 40,528 | 38,711 | 1,817 | 66.5 | 19% |
| 2021 | 62,275 | 41,085 | 21,190 | 68.9 | 21% |
| 2023 | 68,185 | 57,243 | 10,942 | 51.0 | 28% |
| 2024 | 59,205 | 57,817 | 1,388 | 50.8 | 32% |
In its most recent public year (2024), this organization brought in $1,388 more than it spent. Its reserves stood at about 50.8 months of spending, up from 18.3 in 2011. Staff pay was 32% 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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