Michigan Basic Property Insurance Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 33,723,534 | 30,186,813 | 3,536,721 | -0.9 | 13% |
| 2012 | 30,278,772 | 27,270,485 | 3,008,287 | 0.9 | 14% |
| 2013 | 28,261,469 | 23,643,810 | 4,617,659 | 8.3 | 16% |
| 2014 | 26,763,688 | 19,655,124 | 7,108,564 | 12.1 | 16% |
| 2015 | 23,282,000 | 17,032,074 | 6,249,926 | 17.8 | 18% |
| 2016 | 20,690,870 | 18,280,443 | 2,410,427 | 18.4 | 15% |
| 2017 | 18,318,430 | 13,291,854 | 5,026,576 | 31.7 | 21% |
| 2018 | 15,633,024 | 20,692,923 | −5,059,899 | 19.1 | 14% |
| 2019 | 15,458,807 | 13,303,987 | 2,154,820 | 34.1 | 21% |
| 2020 | 15,942,154 | 10,878,766 | 5,063,388 | 23.2 | 24% |
| 2021 | 14,270,902 | 10,325,535 | 3,945,367 | 13.4 | 25% |
| 2022 | 12,632,616 | 10,898,573 | 1,734,043 | 2.7 | 20% |
| 2023 | 11,845,327 | 11,173,758 | 671,569 | 3.2 | 20% |
In its most recent public year (2023), this organization brought in $671,569 more than it spent. Its reserves stood at about 3.2 months of spending, up from -0.9 in 2011. Staff pay was 20% 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 Basic Property Insurance Association'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