Michigan Economic Development Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 476,902 | 287,326 | 189,576 | 29.9 | 34% |
| 2012 | 510,301 | 497,755 | 12,546 | 17.6 | 25% |
| 2013 | 606,716 | 504,034 | 102,682 | 19.8 | 24% |
| 2014 | 665,463 | 777,272 | −111,809 | 9.7 | 18% |
| 2015 | 583,678 | 660,922 | −77,244 | 9.9 | 17% |
| 2016 | 648,033 | 635,915 | 12,118 | 10.6 | 20% |
| 2017 | 825,231 | 980,874 | −155,643 | 5.1 | 15% |
| 2018 | 768,379 | 729,361 | 39,018 | 7.5 | 10% |
| 2019 | 783,124 | 577,154 | 205,970 | 13.8 | 15% |
| 2020 | 688,986 | 362,449 | 326,537 | 31.5 | 22% |
| 2021 | 613,109 | 509,829 | 103,280 | 24.9 | 17% |
| 2022 | 934,993 | 757,498 | 177,495 | 19.5 | 12% |
| 2023 | 782,167 | 1,057,501 | −275,334 | 10.9 | 8% |
In its most recent public year (2023), this organization spent $275,334 more than it brought in. Its reserves stood at about 10.9 months of spending, down from 29.9 in 2011. Staff pay was 8% of spending. $175,000 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
Michigan Economic Development Foundation'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