Michigan Ballet Academy
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 91,750 | 6,568 | 85,182 | 155.6 | — |
| 2012 | 154,620 | 84,285 | 70,335 | 22.1 | — |
| 2013 | 260,338 | 267,568 | −7,230 | 4.0 | 40% |
| 2014 | 321,277 | 317,820 | 3,457 | 3.5 | 36% |
| 2015 | 317,623 | 325,781 | −8,158 | 3.1 | 35% |
| 2016 | 307,082 | 337,204 | −30,122 | 2.0 | 37% |
| 2017 | 345,941 | 348,741 | −2,800 | 1.8 | 37% |
| 2018 | 344,426 | 343,774 | 652 | 1.9 | 41% |
| 2019 | 313,226 | 313,768 | −542 | 2.0 | 33% |
| 2020 | 331,547 | 332,657 | −1,110 | 1.9 | 31% |
| 2021 | 286,206 | 295,196 | −8,990 | 1.7 | 32% |
| 2022 | 297,413 | 315,324 | −17,911 | 0.9 | 21% |
| 2023 | 320,871 | 315,092 | 5,779 | 1.2 | 18% |
In its most recent public year (2023), this organization brought in $5,779 more than it spent. Its reserves stood at about 1.2 months of spending, down from 155.6 in 2011. Staff pay was 18% 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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