Bac Of Michigan Health And Welfare Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 7,287,759 | 7,165,801 | 121,958 | 8.6 | 3% |
| 2012 | 7,775,174 | 7,395,632 | 379,542 | 8.9 | 3% |
| 2013 | 6,793,877 | 7,033,749 | −239,872 | 9.5 | 3% |
| 2014 | 7,079,666 | 7,132,659 | −52,993 | 9.2 | 4% |
| 2015 | 7,939,863 | 8,081,645 | −141,782 | 7.9 | 4% |
| 2016 | 8,161,489 | 9,101,551 | −940,062 | 5.4 | 3% |
| 2017 | 9,959,932 | 10,209,149 | −249,217 | 4.8 | 3% |
| 2018 | 12,513,337 | 13,709,045 | −1,195,708 | 2.4 | 2% |
| 2019 | 12,588,139 | 14,136,518 | −1,548,379 | 1.0 | 3% |
| 2020 | 13,034,524 | 11,954,979 | 1,079,545 | 2.1 | 3% |
| 2021 | 14,691,737 | 11,149,412 | 3,542,325 | 6.3 | 3% |
| 2022 | 16,424,172 | 14,560,867 | 1,863,305 | 8.5 | 3% |
| 2023 | 25,467,973 | 22,758,413 | 2,709,560 | 6.9 | 2% |
In its most recent public year (2023), this organization brought in $2,709,560 more than it spent. Its reserves stood at about 6.9 months of spending, down from 8.6 in 2011. Staff pay was 2% 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
Bac Of Michigan Health And Welfare Fund'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