Honor Flight Michigan Legacy Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 78,716 | 90,985 | −12,269 | 2.2 | — |
| 2013 | 55,830 | 24,236 | 31,594 | 23.7 | — |
| 2014 | 78,741 | 97,706 | −18,965 | 5.4 | — |
| 2015 | 98,365 | 23,651 | 74,714 | 60.4 | — |
| 2016 | 138,513 | 34,816 | 103,697 | 126.0 | — |
| 2018 | 79,354 | 69,671 | 9,683 | 69.6 | — |
| 2019 | 146,964 | 113,770 | 33,194 | 47.6 | — |
| 2020 | 77,547 | 56,044 | 21,503 | 101.2 | — |
| 2021 | 81,040 | 16,532 | 64,508 | 389.8 | 0% |
| 2022 | 109,341 | 121,972 | −12,631 | 54.7 | 0% |
| 2023 | 158,791 | 267,868 | −109,077 | 20.0 | 0% |
In its most recent public year (2023), this organization spent $109,077 more than it brought in. Its reserves stood at about 20 months of spending, up from 2.2 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
Honor Flight Michigan Legacy Inc's IRS filings as a feed — one entry per filing year, through 2023. 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