Petoskey-Harbor Springs Area Community Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 8,145,911 | 1,103,975 | 7,041,936 | 270.5 | 16% |
| 2013 | 1,761,038 | 1,221,070 | 539,968 | 266.0 | 14% |
| 2014 | 2,083,096 | 1,713,439 | 369,657 | 210.8 | 12% |
| 2015 | 4,999,570 | 2,514,408 | 2,485,162 | 154.1 | 8% |
| 2016 | 3,776,049 | 3,440,570 | 335,479 | 103.9 | 6% |
| 2017 | 3,799,078 | 2,757,531 | 1,041,547 | 142.5 | 9% |
| 2018 | 5,990,941 | 3,288,018 | 2,702,923 | 130.5 | 8% |
| 2019 | 6,162,966 | 3,342,133 | 2,820,833 | 131.4 | 8% |
| 2020 | 5,190,171 | 3,783,176 | 1,406,995 | 103.9 | 8% |
| 2021 | 6,225,556 | 4,510,491 | 1,715,065 | 121.6 | 8% |
| 2022 | 7,516,964 | 4,261,148 | 3,255,816 | 129.4 | 9% |
| 2023 | 8,085,618 | 6,342,237 | 1,743,381 | 82.0 | 6% |
| 2024 | 9,300,684 | 9,217,826 | 82,858 | 62.1 | 4% |
In its most recent public year (2024), this organization brought in $82,858 more than it spent. Its reserves stood at about 62.1 months of spending, down from 270.5 in 2012. Staff pay was 4% of spending. $21,079,939 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
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