Veterans Of Foreign Wars Dept Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 13,456 | 12,675 | 781 | 233.0 | 0% |
| 2013 | 10,220 | 12,255 | −2,035 | 239.0 | 0% |
| 2014 | 7,612 | 455 | 7,157 | 6626.0 | 0% |
| 2015 | 35,249 | 35,887 | −638 | 83.8 | 0% |
| 2016 | 63,695 | 38,298 | 25,397 | 86.5 | 0% |
| 2017 | 100,143 | 114,711 | −14,568 | 27.3 | 34% |
| 2018 | 134,672 | 106,676 | 27,996 | 32.6 | 31% |
| 2020 | 141,510 | 145,025 | −3,515 | 24.8 | 18% |
| 2021 | 48,565 | 50,635 | −2,070 | 70.4 | 17% |
| 2023 | 99,017 | 94,573 | 4,444 | 38.1 | 38% |
In its most recent public year (2023), this organization brought in $4,444 more than it spent. Its reserves stood at about 38.1 months of spending, down from 233 in 2012. Staff pay was 38% 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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