Michigan Job Training Partnership
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,538,000 | 1,505,046 | 32,954 | 5.3 | 45% |
| 2021 | 1,480,119 | 1,409,603 | 70,516 | 6.3 | 43% |
| 2022 | 1,843,953 | 1,789,341 | 54,612 | 6.2 | 34% |
| 2023 | 2,167,543 | 1,908,975 | 258,568 | 8.5 | 31% |
In its most recent public year (2023), this organization brought in $258,568 more than it spent. Its reserves stood at about 8.5 months of spending, up from 5.3 in 2020. Staff pay was 31% 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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