Michigan Economic Developers Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 466,068 | 446,528 | 19,540 | 6.3 | 35% |
| 2012 | 314,292 | 315,338 | −1,046 | 8.9 | 51% |
| 2013 | 350,795 | 355,248 | −4,453 | 7.7 | 53% |
| 2014 | 448,882 | 433,800 | 15,082 | 6.8 | 44% |
| 2015 | 305,946 | 305,135 | 811 | 9.6 | 63% |
| 2016 | 431,870 | 397,903 | 33,967 | 8.4 | 50% |
| 2017 | 458,604 | 453,761 | 4,843 | 7.5 | 44% |
| 2018 | 401,518 | 377,976 | 23,542 | 9.8 | 59% |
| 2019 | 585,542 | 547,672 | 37,870 | 7.6 | 43% |
| 2020 | 399,117 | 376,339 | 22,778 | 11.7 | 64% |
| 2021 | 392,199 | 388,747 | 3,452 | 11.5 | 59% |
| 2022 | 434,077 | 439,354 | −5,277 | 10.0 | 56% |
| 2023 | 463,953 | 434,553 | 29,400 | 10.9 | 54% |
In its most recent public year (2023), this organization brought in $29,400 more than it spent. Its reserves stood at about 10.9 months of spending, up from 6.3 in 2011. Staff pay was 54% 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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