Veterans Of Foreign Wars Dept Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 104,689 | 101,438 | 3,251 | 13.6 | — |
| 2021 | 85,228 | 75,082 | 10,146 | 20.0 | 0% |
| 2022 | 60,431 | 0 | 60,431 | — | — |
| 2023 | 52,261 | 122,062 | −69,801 | 11.4 | 0% |
In its most recent public year (2023), this organization spent $69,801 more than it brought in. Its reserves stood at about 11.4 months of spending, down from 13.6 in 2020. Staff pay was 0% 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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