Library Of Michigan Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 256,294 | 484,329 | −228,035 | 62.2 | 15% |
| 2012 | 360,715 | 670,767 | −310,052 | 41.1 | 11% |
| 2013 | 266,704 | 440,134 | −173,430 | 61.1 | 15% |
| 2014 | 216,235 | 375,590 | −159,355 | 70.8 | 20% |
| 2015 | 164,994 | 247,639 | −82,645 | 98.5 | 32% |
| 2016 | 463,917 | 289,178 | 174,739 | 88.5 | 25% |
| 2017 | 155,256 | 296,391 | −141,135 | 88.4 | 27% |
| 2018 | 179,590 | 325,952 | −146,362 | 79.1 | 28% |
| 2019 | 207,796 | 197,960 | 9,836 | 131.3 | 15% |
| 2020 | 286,538 | 220,945 | 65,593 | 123.0 | 8% |
| 2021 | 433,871 | 249,247 | 184,624 | 133.0 | 39% |
| 2022 | 276,103 | 321,179 | −45,076 | 79.1 | 33% |
| 2023 | 203,483 | 314,198 | −110,715 | 85.1 | 36% |
In its most recent public year (2023), this organization spent $110,715 more than it brought in. Its reserves stood at about 85.1 months of spending, up from 62.2 in 2011. Staff pay was 36% of spending. $1,748,930 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
Library Of Michigan 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