Michaels Memories Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 64,279 | 53,240 | 11,039 | 12.5 | — |
| 2020 | 43,149 | 33,182 | 9,967 | 23.6 | — |
| 2021 | 62,328 | 35,328 | 27,000 | 31.3 | — |
| 2022 | 39,766 | 17,043 | 22,723 | 80.9 | — |
| 2023 | 29,504 | 40,409 | −10,905 | 30.9 | — |
In its most recent public year (2023), this organization spent $10,905 more than it brought in. Its reserves stood at about 30.9 months of spending, up from 12.5 in 2019.
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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