Veterans Of Foreign Wars Dept Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 47,354 | 54,778 | −7,424 | -29.4 | — |
| 2012 | 9,699 | 153,554 | −143,855 | -11.2 | — |
| 2013 | 94,076 | 77,119 | 16,957 | -19.7 | — |
| 2017 | 84,824 | 51,306 | 33,518 | -14.5 | — |
| 2018 | 55,606 | 58,382 | −2,776 | -12.9 | — |
| 2020 | 45,826 | 12,919 | 32,907 | -22.0 | — |
| 2021 | 48,613 | 23,674 | 24,939 | 0.6 | — |
| 2022 | 10,906 | 17,593 | −6,687 | 269.9 | — |
| 2023 | 9,865 | 44,143 | −34,278 | 98.3 | — |
In its most recent public year (2023), this organization spent $34,278 more than it brought in. Its reserves stood at about 98.3 months of spending, up from -29.4 in 2010.
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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