Michaels Place
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 261,258 | 245,901 | 15,357 | 1.8 | 51% |
| 2012 | 512,502 | 216,602 | 295,900 | 18.5 | 49% |
| 2013 | 313,992 | 284,697 | 29,295 | 15.3 | 54% |
| 2014 | 284,340 | 355,690 | −71,350 | 9.8 | 55% |
| 2015 | 341,966 | 290,610 | 51,356 | 14.1 | 63% |
| 2016 | 340,551 | 346,829 | −6,278 | 11.6 | 52% |
| 2017 | 269,368 | 376,331 | −106,963 | 7.3 | 61% |
| 2018 | 478,842 | 399,268 | 79,574 | 9.3 | 59% |
| 2019 | 933,258 | 433,012 | 500,246 | 9.5 | 59% |
| 2020 | 618,637 | 467,972 | 150,665 | 12.6 | 64% |
| 2021 | 629,373 | 468,321 | 161,052 | 16.8 | 58% |
| 2022 | 540,903 | 585,298 | −44,395 | 12.5 | 58% |
| 2023 | 594,421 | 661,077 | −66,656 | 9.9 | 57% |
| 2024 | 1,018,483 | 816,934 | 201,549 | 10.9 | 55% |
In its most recent public year (2024), this organization brought in $201,549 more than it spent. Its reserves stood at about 10.9 months of spending, up from 1.8 in 2011. Staff pay was 55% of spending. $405,653 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 2024. 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
Michaels Place's IRS filings as a feed — one entry per filing year, through 2024. 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