Hospice Of Michigan Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 58,339,041 | 58,349,016 | −9,975 | 2.3 | 39% |
| 2012 | 66,685,455 | 63,313,128 | 3,372,327 | 2.7 | 39% |
| 2013 | 66,013,650 | 63,676,919 | 2,336,731 | 3.1 | 41% |
| 2014 | 62,814,746 | 62,488,632 | 326,114 | 3.3 | 41% |
| 2015 | 61,239,953 | 60,088,232 | 1,151,721 | 3.6 | 43% |
| 2016 | 57,488,813 | 56,798,543 | 690,270 | 5.7 | 44% |
| 2017 | 55,638,170 | 53,861,599 | 1,776,571 | 5.7 | 45% |
| 2018 | 59,197,603 | 57,814,374 | 1,383,229 | 5.3 | 46% |
| 2019 | 62,535,234 | 62,771,814 | −236,580 | 5.2 | 45% |
| 2020 | 66,277,644 | 64,175,966 | 2,101,678 | 6.2 | 47% |
| 2021 | 70,125,455 | 67,133,389 | 2,992,066 | 6.9 | 50% |
| 2022 | 70,733,542 | 72,142,542 | −1,409,000 | 6.1 | 51% |
| 2023 | 72,152,188 | 71,000,001 | 1,152,187 | 6.6 | 46% |
In its most recent public year (2023), this organization brought in $1,152,187 more than it spent. Its reserves stood at about 6.6 months of spending, up from 2.3 in 2011. Staff pay was 46% of spending. $9,542,637 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
Hospice Of Michigan Inc'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