Veterans Of Foreign Wars Dept Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 370,934 | 363,225 | 7,709 | 16.7 | 18% |
| 2013 | 383,198 | 353,046 | 30,152 | 18.2 | 26% |
| 2014 | 351,748 | 344,708 | 7,040 | 19.0 | 27% |
| 2015 | 376,509 | 363,237 | 13,272 | 18.4 | 26% |
| 2016 | 384,368 | 395,617 | −11,249 | 16.4 | 18% |
| 2017 | 408,790 | 407,272 | 1,518 | 15.9 | 17% |
| 2018 | 350,126 | 365,140 | −15,014 | 17.2 | 19% |
| 2019 | 378,492 | 378,737 | −245 | 16.6 | 18% |
| 2020 | 286,845 | 301,540 | −14,695 | 20.3 | 17% |
| 2021 | 426,743 | 223,252 | 203,491 | 38.3 | 5% |
| 2022 | 518,393 | 379,311 | 139,082 | 27.0 | 21% |
| 2023 | 563,926 | 476,403 | 87,523 | 23.7 | 22% |
In its most recent public year (2023), this organization brought in $87,523 more than it spent. Its reserves stood at about 23.7 months of spending, up from 16.7 in 2012. Staff pay was 22% 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
Veterans Of Foreign Wars Dept Of Michigan'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