Michigan Virtual University
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 8,569,412 | 8,393,721 | 175,691 | 9.7 | 34% |
| 2012 | 8,702,052 | 9,105,217 | −403,165 | 8.7 | 34% |
| 2013 | 11,379,834 | 10,530,439 | 849,395 | 8.5 | 39% |
| 2014 | 16,281,568 | 13,015,642 | 3,265,926 | 9.8 | 36% |
| 2015 | 15,000,947 | 14,414,737 | 586,210 | 8.6 | 38% |
| 2016 | 15,765,414 | 15,908,855 | −143,441 | 8.0 | 50% |
| 2017 | 16,902,603 | 17,638,945 | −736,342 | 6.8 | 49% |
| 2018 | 17,839,655 | 18,617,798 | −778,143 | 5.9 | 52% |
| 2019 | 17,241,470 | 16,207,578 | 1,033,892 | 7.5 | 59% |
| 2020 | 18,761,383 | 17,691,004 | 1,070,379 | 8.2 | 59% |
| 2021 | 28,269,387 | 22,092,238 | 6,177,149 | 9.9 | 58% |
| 2022 | 24,041,661 | 23,507,279 | 534,382 | 9.2 | 57% |
| 2023 | 21,729,814 | 21,774,949 | −45,135 | 10.0 | 55% |
In its most recent public year (2023), this organization spent $45,135 more than it brought in. Its reserves stood at about 10 months of spending. Staff pay was 55% 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
Michigan Virtual University'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