Michigan Maritime Museum Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 443,592 | 456,512 | −12,920 | 30.8 | 38% |
| 2012 | 471,762 | 483,096 | −11,334 | 28.9 | 38% |
| 2013 | 510,539 | 511,387 | −848 | 27.2 | 36% |
| 2014 | 604,554 | 536,062 | 68,492 | 27.5 | 35% |
| 2015 | 709,465 | 527,681 | 181,784 | 32.1 | 36% |
| 2016 | 677,831 | 558,548 | 119,283 | 32.9 | 35% |
| 2017 | 1,000,277 | 633,614 | 366,663 | 35.9 | 35% |
| 2018 | 944,509 | 611,814 | 332,695 | 43.7 | 38% |
| 2019 | 2,957,850 | 744,373 | 2,213,477 | 86.4 | 42% |
| 2020 | 1,383,179 | 624,993 | 758,186 | 115.2 | 43% |
| 2021 | 3,735,473 | 671,168 | 3,064,305 | 163.3 | 43% |
| 2022 | 1,366,768 | 756,472 | 610,296 | 153.8 | 44% |
In its most recent public year (2022), this organization brought in $610,296 more than it spent. Its reserves stood at about 153.8 months of spending, up from 30.8 in 2011. Staff pay was 44% of spending. $1,692,457 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 2022. 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
Michigan Maritime Museum Inc's IRS filings as a feed — one entry per filing year, through 2022. 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