Veterans Of Foreign Wars Dept Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 42,994 | 73,309 | −30,315 | 22.7 | 3% |
| 2012 | 46,007 | 52,607 | −6,600 | 30.7 | 5% |
| 2013 | 104,684 | 86,378 | 18,306 | 21.2 | 13% |
| 2014 | 138,057 | 133,232 | 4,825 | 14.2 | 16% |
| 2015 | 146,669 | 110,384 | 36,285 | 21.1 | 23% |
| 2016 | 120,978 | 106,283 | 14,695 | 23.6 | 23% |
| 2017 | 625,246 | 133,544 | 491,702 | 62.9 | 21% |
| 2018 | 155,467 | 161,190 | −5,723 | 51.7 | 17% |
| 2019 | 170,339 | 154,106 | 16,233 | 55.3 | 17% |
| 2020 | 113,608 | 146,309 | −32,701 | 55.6 | 24% |
| 2021 | 138,435 | 137,548 | 887 | 59.2 | 26% |
| 2022 | 1,177,007 | 184,571 | 992,436 | 108.7 | 22% |
| 2023 | 518,954 | 210,114 | 308,840 | 113.1 | 23% |
In its most recent public year (2023), this organization brought in $308,840 more than it spent. Its reserves stood at about 113.1 months of spending, up from 22.7 in 2011. Staff pay was 23% 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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