Michigan Shakespeare Festival Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 264,574 | 256,752 | 7,822 | -3.1 | 15% |
| 2012 | 332,572 | 329,341 | 3,231 | -2.3 | 20% |
| 2013 | 311,200 | 284,913 | 26,287 | -1.3 | 58% |
| 2014 | 333,675 | 349,616 | −15,941 | -1.6 | 57% |
| 2015 | 296,400 | 338,708 | −42,308 | -3.1 | 22% |
| 2016 | 279,406 | 302,585 | −23,179 | -3.7 | 30% |
| 2017 | 297,141 | 307,089 | −9,948 | -4.1 | 18% |
| 2018 | 355,040 | 341,918 | 13,122 | -3.0 | 17% |
| 2019 | 252,594 | 286,787 | −34,193 | -5.0 | 20% |
| 2020 | 326,974 | 124,506 | 202,468 | -1.5 | 33% |
| 2021 | 34,888 | 81,321 | −46,433 | -9.2 | 52% |
| 2022 | 247,014 | 335,670 | −88,656 | -5.4 | 25% |
| 2023 | 385,694 | 409,284 | −23,590 | -5.1 | 22% |
In its most recent public year (2023), this organization spent $23,590 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-5.1 months), down from -3.1 in 2011. Staff pay was 22% 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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