Federacion De Clubes Michoacanos En Illinois
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,531,743 | 1,632,490 | −100,747 | 2.4 | 10% |
| 2021 | 3,082,574 | 3,453,367 | −370,793 | -0.3 | 7% |
| 2022 | 2,203,166 | 2,128,508 | 74,658 | 4.2 | 14% |
| 2023 | 2,726,425 | 2,463,815 | 262,610 | 5.7 | 33% |
In its most recent public year (2023), this organization brought in $262,610 more than it spent. Its reserves stood at about 5.7 months of spending, up from 2.4 in 2020. Staff pay was 33% of spending. $58,746 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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