Council Of Michigan Foundations Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 5,446,913 | 7,495,089 | −2,048,176 | 55.0 | 42% |
| 2022 | 7,716,635 | 7,768,394 | −51,759 | 59.7 | 39% |
| 2023 | 5,763,932 | 7,788,748 | −2,024,816 | 56.4 | 38% |
In its most recent public year (2023), this organization spent $2,024,816 more than it brought in. Its reserves stood at about 56.4 months of spending, up from 55 in 2021. Staff pay was 38% of spending. $20,659,764 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 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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