Veterans Of Foreign Wars Dept Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 85,857 | 84,124 | 1,733 | 71.8 | 4% |
| 2012 | 84,959 | 85,574 | −615 | 70.5 | 3% |
| 2013 | 82,067 | 90,194 | −8,127 | 65.8 | 4% |
| 2014 | 57,897 | 99,391 | −41,494 | 54.7 | 3% |
| 2015 | 79,705 | 107,250 | −27,545 | 47.6 | 4% |
| 2016 | 74,689 | 111,363 | −36,674 | 41.9 | 5% |
| 2017 | 90,481 | 81,844 | 8,637 | 58.3 | 9% |
| 2018 | 13,994 | 86,322 | −72,328 | 45.2 | 11% |
| 2019 | 42,922 | 71,889 | −28,967 | 49.5 | 17% |
| 2020 | 8,415 | 50,195 | −41,780 | 60.9 | 7% |
| 2021 | 41,352 | 62,007 | −20,655 | 45.3 | 8% |
| 2022 | 412,770 | 51,005 | 361,765 | 140.2 | 5% |
| 2023 | 2,568 | 57,272 | −54,704 | 113.4 | 0% |
In its most recent public year (2023), this organization spent $54,704 more than it brought in. Its reserves stood at about 113.4 months of spending, up from 71.8 in 2011. 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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