Northwest Michigan Works Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 614,664 | 576,228 | 38,436 | 2.7 | 67% |
| 2012 | 417,135 | 417,135 | 0 | 3.7 | 73% |
| 2013 | 6,266,878 | 5,123,627 | 1,143,251 | 3.0 | 40% |
| 2014 | 1,058,241 | 1,065,649 | −7,408 | 12.5 | 42% |
| 2015 | 4,133,089 | 4,024,732 | 108,357 | 3.6 | 38% |
| 2016 | 4,319,978 | 4,275,853 | 44,125 | 3.5 | 39% |
| 2017 | 4,111,096 | 4,087,006 | 24,090 | 3.8 | 40% |
| 2018 | 3,149,969 | 3,197,405 | −47,436 | 4.7 | 48% |
| 2019 | 3,738,532 | 3,639,452 | 99,080 | 4.4 | 47% |
| 2020 | 3,550,063 | 3,593,207 | −43,144 | 4.3 | 49% |
| 2021 | 4,015,625 | 3,920,814 | 94,811 | 4.3 | 48% |
| 2022 | 4,805,836 | 4,968,732 | −162,896 | 3.0 | 48% |
| 2023 | 5,245,392 | 5,251,895 | −6,503 | 2.8 | 47% |
In its most recent public year (2023), this organization spent $6,503 more than it brought in. Its reserves stood at about 2.8 months of spending. Staff pay was 47% 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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