Veterans Of Foreign Wars Dept Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 88,650 | 66,464 | 22,186 | 14.4 | 21% |
| 2012 | 73,625 | 65,571 | 8,054 | 11.6 | 20% |
| 2013 | 52,487 | 59,940 | −7,453 | 10.1 | 14% |
| 2014 | 65,768 | 60,627 | 5,141 | 11.1 | 18% |
| 2015 | 67,704 | 57,317 | 10,387 | 10.4 | 18% |
| 2016 | 81,710 | 54,102 | 27,608 | 8.3 | — |
| 2017 | 90,018 | 65,673 | 24,345 | 11.3 | — |
| 2018 | 62,399 | 54,333 | 8,066 | 15.4 | — |
| 2019 | 59,641 | 53,630 | 6,011 | 16.9 | — |
| 2020 | 87,097 | 46,023 | 41,074 | 29.6 | — |
| 2021 | 96,082 | 95,869 | 213 | 10.9 | — |
| 2022 | 128,049 | 83,618 | 44,431 | 18.8 | — |
| 2023 | 106,721 | 61,231 | 45,490 | 21.7 | — |
In its most recent public year (2023), this organization brought in $45,490 more than it spent. Its reserves stood at about 21.7 months of spending, up from 14.4 in 2011.
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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