Michigan Foundation For Home Care
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2014 | 8,479 | 80,323 | −71,844 | -10.1 | 0% |
| 2015 | 194,303 | 170,020 | 24,283 | -3.1 | 0% |
| 2016 | 248,176 | 245,400 | 2,776 | -1.8 | 0% |
| 2017 | 234,305 | 232,560 | 1,745 | -1.8 | 0% |
| 2018 | 44,512 | 5,124 | 39,388 | 11.2 | — |
| 2019 | 2,828 | 4,523 | −1,695 | 8.2 | — |
| 2020 | 3,075 | 4,524 | −1,449 | 4.4 | — |
In its most recent public year (2020), this organization spent $1,449 more than it brought in. Its reserves stood at about 4.4 months of spending, up from -10.1 in 2014.
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 2020. 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 Foundation For Home Care's IRS filings as a feed — one entry per filing year, through 2020. 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