Michigan Pharmacy Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 84,487 | 102,278 | −17,791 | 66.5 | 17% |
| 2012 | 103,952 | 74,579 | 29,373 | 91.7 | 24% |
| 2013 | 76,607 | 73,857 | 2,750 | 99.4 | 24% |
| 2014 | 95,957 | 74,924 | 21,033 | 100.8 | 24% |
| 2015 | 100,497 | 66,313 | 34,184 | 110.6 | 28% |
| 2016 | 83,623 | 67,246 | 16,377 | 115.4 | 27% |
| 2017 | 117,236 | 62,984 | 54,252 | 140.3 | 30% |
| 2018 | 101,807 | 64,940 | 36,867 | 125.8 | 29% |
| 2019 | 93,382 | 68,170 | 25,212 | 139.7 | 27% |
| 2020 | 77,382 | 56,287 | 21,095 | 187.1 | 34% |
| 2021 | 105,119 | 64,653 | 40,466 | 179.9 | 0% |
| 2022 | 50,016 | 110,695 | −60,679 | 83.6 | 41% |
| 2023 | 65,583 | 154,910 | −89,327 | 59.5 | 55% |
In its most recent public year (2023), this organization spent $89,327 more than it brought in. Its reserves stood at about 59.5 months of spending, down from 66.5 in 2011. Staff pay was 55% of spending. $61,463 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 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 Pharmacy 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