Michigan Hispanic Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2015 | 196,485 | 37,031 | 159,454 | 51.7 | — |
| 2016 | 9,120 | 78,644 | −69,524 | 13.7 | — |
| 2017 | 355,329 | 51,600 | 303,729 | 91.5 | 0% |
| 2018 | 6,707 | 9,888 | −3,181 | 473.9 | — |
| 2019 | 11,306 | 66,638 | −55,332 | 60.4 | — |
| 2020 | 4,826 | 82,176 | −77,350 | 37.6 | — |
| 2021 | 830 | 70,363 | −69,533 | 32.1 | — |
| 2022 | 90,736 | 57,953 | 32,783 | 45.8 | — |
| 2023 | 77,339 | 94,449 | −17,110 | 25.9 | — |
In its most recent public year (2023), this organization spent $17,110 more than it brought in. Its reserves stood at about 25.9 months of spending, down from 51.7 in 2015.
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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