Grand Rapids Employees Independent Union
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 397,275 | 395,771 | 1,504 | 22.3 | 27% |
| 2013 | 381,363 | 423,690 | −42,327 | 19.6 | 28% |
| 2014 | 362,282 | 410,395 | −48,113 | 18.8 | 30% |
| 2015 | 348,458 | 326,149 | 22,309 | 24.5 | 23% |
| 2016 | 350,424 | 326,328 | 24,096 | 25.5 | 25% |
| 2017 | 359,957 | 400,269 | −40,312 | 19.6 | 23% |
| 2018 | 340,422 | 304,311 | 36,111 | 27.1 | 27% |
| 2019 | 380,467 | 306,816 | 73,651 | 29.8 | 24% |
| 2020 | 401,614 | 345,069 | 56,545 | 28.5 | 21% |
| 2021 | 427,700 | 271,982 | 155,718 | 43.0 | 28% |
| 2022 | 432,900 | 320,360 | 112,540 | 40.7 | 40% |
| 2023 | 450,031 | 452,524 | −2,493 | 28.8 | 41% |
| 2024 | 513,708 | 513,467 | 241 | 25.3 | 43% |
In its most recent public year (2024), this organization brought in $241 more than it spent. Its reserves stood at about 25.3 months of spending, up from 22.3 in 2012. Staff pay was 43% 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 2024. 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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