Michigan Legacy Art Park
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 87,251 | 72,243 | 15,008 | 50.4 | — |
| 2012 | 105,729 | 75,903 | 29,826 | 52.7 | — |
| 2013 | 126,349 | 113,120 | 13,229 | 36.8 | — |
| 2014 | 290,574 | 105,045 | 185,529 | 60.8 | 49% |
| 2015 | 197,643 | 123,687 | 73,956 | 58.8 | 54% |
| 2016 | 329,798 | 169,476 | 160,322 | 58.7 | 48% |
| 2017 | 67,888 | 51,701 | 16,187 | 198.4 | 60% |
| 2018 | 231,178 | 253,672 | −22,494 | 39.4 | 51% |
| 2019 | 93,074 | 229,474 | −136,400 | 36.4 | 60% |
| 2020 | 165,990 | 176,750 | −10,760 | 46.5 | 69% |
| 2021 | 194,781 | 187,143 | 7,638 | 44.4 | 57% |
| 2022 | 189,163 | 219,040 | −29,877 | 36.3 | 52% |
| 2023 | 227,199 | 225,339 | 1,860 | 35.4 | 60% |
In its most recent public year (2023), this organization brought in $1,860 more than it spent. Its reserves stood at about 35.4 months of spending, down from 50.4 in 2011. Staff pay was 60% 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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