Better Business Bureau Of Western Michigan Educational Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2015 | 45,120 | 47,521 | −2,401 | 2.0 | — |
| 2016 | 138,384 | 124,121 | 14,263 | 2.1 | — |
| 2017 | 127,960 | 141,782 | −13,822 | 0.7 | 0% |
| 2018 | 128,265 | 211,854 | −83,589 | -4.3 | 0% |
| 2019 | 334,435 | 261,780 | 72,655 | -0.1 | 0% |
| 2020 | 418,894 | 361,805 | 57,089 | 1.8 | 0% |
| 2021 | 385,743 | 306,347 | 79,396 | 5.2 | 0% |
| 2022 | 313,022 | 257,835 | 55,187 | 8.8 | 0% |
| 2023 | 396,184 | 291,650 | 104,534 | 12.1 | 0% |
In its most recent public year (2023), this organization brought in $104,534 more than it spent. Its reserves stood at about 12.1 months of spending, up from 2 in 2015. 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 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
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