Michaels Cares
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 256,046 | 164,320 | 91,726 | 45.0 | 0% |
| 2012 | 258,806 | 424,220 | −165,414 | 12.7 | 0% |
| 2013 | 388,318 | 295,971 | 92,347 | 22.0 | 0% |
| 2014 | 380,683 | 330,556 | 50,127 | 21.5 | 0% |
| 2015 | 417,948 | 387,452 | 30,496 | 19.3 | 0% |
| 2016 | 522,514 | 460,657 | 61,857 | 17.8 | 0% |
| 2017 | 928,742 | 732,536 | 196,206 | 14.4 | 0% |
| 2018 | 688,667 | 491,552 | 197,115 | 26.3 | 0% |
| 2019 | 705,314 | 428,363 | 276,951 | 38.0 | 0% |
| 2020 | 182,374 | 523,628 | −341,254 | 23.2 | 0% |
| 2021 | 1,039,776 | 693,477 | 346,299 | 23.5 | 0% |
| 2022 | 183,818 | 809,919 | −626,101 | 10.9 | 0% |
| 2023 | 410,016 | 877,229 | −467,213 | 3.7 | 0% |
In its most recent public year (2023), this organization spent $467,213 more than it brought in. Its reserves stood at about 3.7 months of spending, down from 45 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
Michaels Cares'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