Michigan Hospitality Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 110,156 | 97,110 | 13,046 | 6.7 | — |
| 2012 | 109,880 | 114,394 | −4,514 | 5.7 | — |
| 2013 | 115,925 | 117,456 | −1,531 | 6.3 | — |
| 2014 | 140,081 | 127,867 | 12,214 | 7.2 | — |
| 2015 | 152,560 | 144,641 | 7,919 | 7.1 | — |
| 2016 | 161,108 | 155,656 | 5,452 | 7.3 | — |
| 2017 | 268,146 | 253,571 | 14,575 | 5.5 | 24% |
| 2018 | 269,790 | 262,136 | 7,654 | 5.4 | 19% |
| 2019 | 481,167 | 299,942 | 181,225 | 12.5 | 14% |
| 2020 | 3,289,799 | 3,094,959 | 194,840 | 2.0 | 1% |
| 2021 | 1,101,254 | 906,163 | 195,091 | 9.6 | 7% |
| 2022 | 564,848 | 604,386 | −39,538 | 13.3 | 13% |
| 2023 | 2,376,498 | 2,243,839 | 132,659 | 4.4 | 10% |
In its most recent public year (2023), this organization brought in $132,659 more than it spent. Its reserves stood at about 4.4 months of spending, down from 6.7 in 2011. Staff pay was 10% 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
Michigan Hospitality 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