Michigan Future Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 371,069 | 3,660,071 | −3,289,002 | 26.3 | 8% |
| 2013 | 1,717,962 | 4,405,768 | −2,687,806 | 14.5 | 8% |
| 2014 | 535,926 | 2,656,488 | −2,120,562 | 14.5 | 14% |
| 2015 | 709,003 | 2,074,075 | −1,365,072 | 10.6 | 28% |
| 2016 | 758,633 | 1,446,499 | −687,866 | 9.5 | 41% |
| 2017 | 194,849 | 860,038 | −665,189 | 6.7 | 46% |
| 2018 | 626,521 | 687,213 | −60,692 | 7.4 | 52% |
| 2019 | 333,045 | 381,338 | −48,293 | 11.8 | 51% |
| 2020 | 519,500 | 375,510 | 143,990 | 16.6 | 52% |
| 2021 | 758,000 | 453,770 | 304,230 | 21.8 | 60% |
| 2022 | 341,000 | 521,760 | −180,760 | 14.8 | 60% |
| 2023 | 1,162,640 | 489,401 | 673,239 | 32.3 | 57% |
| 2024 | 488,065 | 721,250 | −233,185 | 18.0 | 66% |
In its most recent public year (2024), this organization spent $233,185 more than it brought in. Its reserves stood at about 18 months of spending, down from 26.3 in 2012. Staff pay was 66% of spending. $533,348 of its net assets are donor-restricted.
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
Michigan Future Inc's IRS filings as a feed — one entry per filing year, through 2024. 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