Veterans Of Foreign Wars Dept Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 89,950 | 89,582 | 368 | 30.4 | 28% |
| 2012 | 76,625 | 76,614 | 11 | 35.5 | 35% |
| 2013 | 72,701 | 74,357 | −1,656 | 36.3 | 36% |
| 2014 | 90,181 | 98,869 | −8,688 | 6.9 | 29% |
| 2015 | 105,778 | 93,438 | 12,340 | 7.7 | 38% |
| 2016 | 99,347 | 95,748 | 3,599 | 8.0 | 41% |
| 2017 | 83,663 | 85,716 | −2,053 | 8.6 | 46% |
| 2018 | 73,510 | 79,444 | −5,934 | 8.4 | 46% |
| 2019 | 73,701 | 82,637 | −8,936 | 6.8 | 51% |
| 2020 | 58,072 | 60,124 | −2,052 | 8.9 | 39% |
| 2021 | 100,002 | 79,156 | 20,846 | 9.9 | 49% |
| 2022 | 94,649 | 110,838 | −16,189 | 5.2 | 49% |
| 2023 | 105,040 | 105,997 | −957 | 5.4 | 53% |
In its most recent public year (2023), this organization spent $957 more than it brought in. Its reserves stood at about 5.4 months of spending, down from 30.4 in 2011. Staff pay was 53% 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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