Veterans Of Foreign Wars Dept Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 18,564 | 36,156 | −17,592 | 38.3 | 0% |
| 2013 | 22,061 | 25,218 | −3,157 | 53.4 | 0% |
| 2014 | 21,696 | 26,936 | −5,240 | 47.7 | 0% |
| 2015 | 43,261 | 32,316 | 10,945 | 43.8 | 0% |
| 2016 | 52,096 | 28,774 | 23,322 | 58.9 | 0% |
| 2017 | 29,974 | 32,255 | −2,281 | 51.7 | 0% |
| 2018 | 31,691 | 29,184 | 2,507 | 58.2 | 0% |
| 2019 | 21,445 | 32,331 | −10,886 | 46.7 | 0% |
| 2020 | 11,919 | 27,847 | −15,928 | 46.8 | 0% |
| 2021 | 22,762 | 30,212 | −7,450 | 40.2 | 0% |
| 2022 | 45,965 | 56,640 | −10,675 | 19.2 | 0% |
| 2023 | 41,768 | 44,397 | −2,629 | 23.8 | 0% |
| 2024 | 53,800 | 53,051 | 749 | 20.2 | 0% |
In its most recent public year (2024), this organization brought in $749 more than it spent. Its reserves stood at about 20.2 months of spending, down from 38.3 in 2012. Staff pay was 0% 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 2024. 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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