Area Agency On Aging Of Western Michigan Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 26,430,455 | 25,589,285 | 841,170 | 2.8 | 14% |
| 2012 | 27,248,471 | 26,888,521 | 359,950 | 2.8 | 14% |
| 2013 | 28,562,800 | 28,613,747 | −50,947 | 2.7 | 14% |
| 2014 | 33,788,547 | 31,382,102 | 2,406,445 | 3.3 | 14% |
| 2015 | 40,100,488 | 37,000,980 | 3,099,508 | 3.8 | 13% |
| 2016 | 41,529,995 | 40,580,781 | 949,214 | 3.8 | 13% |
| 2017 | 42,337,684 | 41,888,515 | 449,169 | 3.8 | 13% |
| 2018 | 44,692,198 | 43,143,605 | 1,548,593 | 4.1 | 13% |
| 2019 | 46,031,204 | 46,391,761 | −360,557 | 3.7 | 12% |
| 2020 | 49,974,694 | 51,026,863 | −1,052,169 | 3.1 | 12% |
| 2021 | 55,691,217 | 53,572,346 | 2,118,871 | 3.5 | 11% |
| 2022 | 57,077,059 | 57,302,896 | −225,837 | 3.2 | 11% |
| 2023 | 61,020,846 | 64,016,483 | −2,995,637 | 2.3 | 11% |
In its most recent public year (2023), this organization spent $2,995,637 more than it brought in. Its reserves stood at about 2.3 months of spending. Staff pay was 11% of spending. $101,087 of its net assets are donor-restricted.
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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