Michaels Way
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 658,943 | 434,457 | 224,486 | 74.8 | 0% |
| 2012 | 860,262 | 449,504 | 410,758 | 87.3 | 0% |
| 2013 | 1,195,495 | 433,858 | 761,637 | 113.0 | 0% |
| 2014 | 1,130,893 | 444,586 | 686,307 | 127.4 | 0% |
| 2015 | 1,467,841 | 544,739 | 923,102 | 115.7 | 0% |
| 2016 | 1,168,024 | 511,085 | 656,939 | 143.3 | 0% |
| 2017 | 1,680,138 | 502,608 | 1,177,530 | 179.5 | 0% |
| 2018 | 702,413 | 580,433 | 121,980 | 145.3 | 0% |
| 2019 | 1,052,640 | 575,547 | 477,093 | 174.0 | 0% |
| 2020 | 806,542 | 492,956 | 313,586 | 234.3 | 0% |
| 2021 | 1,826,081 | 482,881 | 1,343,200 | 274.1 | 0% |
| 2022 | 1,160,923 | 577,483 | 583,440 | 211.8 | 0% |
| 2023 | 1,012,014 | 563,066 | 448,948 | 238.5 | 0% |
In its most recent public year (2023), this organization brought in $448,948 more than it spent. Its reserves stood at about 238.5 months of spending, up from 74.8 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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