Michigan Tai Chi Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 44,130 | 6,264 | 37,866 | 0.0 | — |
| 2012 | 41,716 | 38,630 | 3,086 | 16.0 | — |
| 2013 | 39,787 | 35,663 | 4,124 | 18.5 | 0% |
| 2014 | 31,957 | 33,100 | −1,143 | 19.5 | 0% |
| 2015 | 28,948 | 35,475 | −6,527 | 16.5 | 0% |
| 2016 | 39,372 | 33,424 | 5,948 | 19.7 | 0% |
| 2017 | 38,392 | 33,254 | 5,138 | 21.1 | 0% |
| 2018 | 37,306 | 33,392 | 3,914 | 21.9 | 0% |
| 2019 | 46,354 | 31,682 | 14,672 | 28.4 | 0% |
| 2020 | 23,437 | 30,238 | −6,801 | 27.0 | 0% |
| 2021 | 30,242 | 30,949 | −707 | 26.3 | 0% |
| 2022 | 37,699 | 32,089 | 5,610 | 27.2 | 0% |
| 2023 | 37,632 | 33,100 | 4,532 | 28.0 | 0% |
In its most recent public year (2023), this organization brought in $4,532 more than it spent. Its reserves stood at about 28 months of spending, up from 0 in 2011. Staff pay was 0% 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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