Michigan Justin Morgan Horse Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 95,063 | 94,940 | 123 | 4.1 | — |
| 2012 | 95,116 | 100,127 | −5,011 | 3.3 | — |
| 2013 | 83,833 | 78,683 | 5,150 | 5.0 | — |
| 2014 | 93,291 | 97,453 | −4,162 | 3.5 | — |
| 2015 | 97,300 | 97,441 | −141 | 3.5 | — |
| 2016 | 103,886 | 118,041 | −14,155 | 1.5 | — |
| 2017 | 98,713 | 93,203 | 5,510 | 2.6 | — |
| 2018 | 103,801 | 97,388 | 6,413 | 3.2 | — |
| 2019 | 98,418 | 97,407 | 1,011 | 3.4 | — |
| 2020 | 4,551 | 11,369 | −6,818 | 21.7 | — |
| 2021 | 870 | 3,857 | −2,987 | 54.6 | — |
| 2022 | 118,178 | 90,740 | 27,438 | 6.0 | — |
| 2023 | 133,636 | 116,965 | 16,671 | 6.3 | — |
In its most recent public year (2023), this organization brought in $16,671 more than it spent. Its reserves stood at about 6.3 months of spending, up from 4.1 in 2011.
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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