Michigan Accountancy Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 134,056 | 116,848 | 17,208 | 30.6 | 0% |
| 2013 | 159,863 | 80,540 | 79,323 | 52.6 | 0% |
| 2014 | 149,915 | 129,987 | 19,928 | 36.3 | 0% |
| 2015 | 163,163 | 155,364 | 7,799 | 29.0 | 0% |
| 2016 | 122,983 | 144,504 | −21,521 | 28.8 | 0% |
| 2017 | 134,284 | 124,957 | 9,327 | 38.0 | 0% |
| 2018 | 162,541 | 153,520 | 9,021 | 30.4 | 0% |
| 2019 | 153,929 | 131,263 | 22,666 | 37.4 | 0% |
| 2020 | 123,371 | 140,721 | −17,350 | 32.9 | 0% |
| 2021 | 95,030 | 75,524 | 19,506 | 75.1 | 0% |
| 2022 | 96,137 | 82,024 | 14,113 | 60.5 | 0% |
| 2023 | 83,199 | 74,883 | 8,316 | 68.9 | 0% |
| 2024 | 87,117 | 83,263 | 3,854 | 67.5 | 0% |
In its most recent public year (2024), this organization brought in $3,854 more than it spent. Its reserves stood at about 67.5 months of spending, up from 30.6 in 2012. Staff pay was 0% of spending. $250,000 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
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