Michigan Veterans Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 2,107,043 | 2,218,183 | −111,140 | 26.4 | 36% |
| 2012 | 2,513,546 | 2,641,490 | −127,944 | 21.6 | 39% |
| 2013 | 2,077,150 | 2,570,363 | −493,213 | 19.9 | 40% |
| 2014 | 1,448,688 | 2,644,875 | −1,196,187 | 13.9 | 35% |
| 2015 | 3,153,400 | 3,669,026 | −515,626 | 10.8 | 27% |
| 2016 | 3,186,674 | 3,584,895 | −398,221 | 9.8 | 29% |
| 2017 | 0 | 0 | 0 | — | — |
| 2018 | 2,085,561 | 3,028,949 | −943,388 | 59.8 | 47% |
| 2019 | 1,889,718 | 2,858,470 | −968,752 | 59.3 | 47% |
| 2020 | 1,763,809 | 2,715,648 | −951,839 | 58.2 | 45% |
| 2021 | 2,381,059 | 2,720,080 | −339,021 | 56.6 | 40% |
| 2022 | 2,236,161 | 2,823,853 | −587,692 | 52.0 | 41% |
| 2023 | 1,696,591 | 2,178,627 | −482,036 | 64.8 | 41% |
In its most recent public year (2023), this organization spent $482,036 more than it brought in. Its reserves stood at about 64.8 months of spending, up from 26.4 in 2011. Staff pay was 41% 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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