Michigan Aerospace Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 438,590 | 599,101 | −160,511 | 7.9 | 0% |
| 2021 | 167,805 | 220,386 | −52,581 | 18.1 | 0% |
| 2022 | 77,117 | 29,151 | 47,966 | 130.5 | 0% |
| 2023 | 58,383 | 52,261 | 6,122 | 82.2 | 0% |
In its most recent public year (2023), this organization brought in $6,122 more than it spent. Its reserves stood at about 82.2 months of spending, up from 7.9 in 2020. Staff pay was 0% of spending. $240,959 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 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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