Michigan Independent Colleges And Universities
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 836,270 | 758,643 | 77,627 | 17.6 | 57% |
| 2011 | 807,854 | 781,411 | 26,443 | 17.5 | 57% |
| 2012 | 788,370 | 795,083 | −6,713 | 17.1 | 58% |
| 2013 | 790,648 | 889,597 | −98,949 | 13.9 | 60% |
| 2014 | 792,800 | 846,073 | −53,273 | 13.5 | 49% |
| 2015 | 1,003,023 | 997,066 | 5,957 | 11.6 | 48% |
| 2016 | 1,016,118 | 1,081,443 | −65,325 | 10.0 | 51% |
| 2017 | 936,453 | 1,046,733 | −110,280 | 9.5 | 51% |
| 2018 | 1,013,074 | 1,050,556 | −37,482 | 9.5 | 50% |
| 2019 | 1,209,084 | 1,229,777 | −20,693 | 8.1 | 60% |
| 2020 | 1,223,645 | 1,227,088 | −3,443 | 8.2 | 63% |
| 2021 | 1,192,454 | 1,218,704 | −26,250 | 9.5 | 63% |
| 2022 | 1,266,946 | 1,224,089 | 42,857 | 8.4 | 61% |
| 2023 | 1,315,732 | 1,351,626 | −35,894 | 7.6 | 64% |
In its most recent public year (2023), this organization spent $35,894 more than it brought in. Its reserves stood at about 7.6 months of spending, down from 17.6 in 2010. Staff pay was 64% 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
Michigan Independent Colleges And Universities's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works