Michigan Federation Of Music Clubs Incorporated
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 72,718 | 51,963 | 20,755 | 79.7 | — |
| 2012 | 83,463 | 68,547 | 14,916 | 63.0 | — |
| 2013 | 98,404 | 80,280 | 18,124 | 56.5 | — |
| 2014 | 83,512 | 69,336 | 14,176 | 72.3 | — |
| 2015 | 65,223 | 68,230 | −3,007 | 70.9 | — |
| 2016 | 76,400 | 74,241 | 2,159 | 62.7 | — |
| 2018 | 62,030 | 73,639 | −11,609 | 62.0 | — |
In its most recent public year (2018), this organization spent $11,609 more than it brought in. Its reserves stood at about 62 months of spending, down from 79.7 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 2018. 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
Michigan Federation Of Music Clubs Incorporated's IRS filings as a feed — one entry per filing year, through 2018. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works