Michaels Community Services Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2013 | 631,493 | 982,652 | −351,159 | -4.3 | 57% |
| 2014 | 4,370,516 | 5,213,342 | −842,826 | -3.1 | 74% |
| 2015 | 5,244,157 | 5,642,731 | −398,574 | -3.7 | 68% |
| 2016 | 4,690,561 | 5,594,374 | −903,813 | -5.7 | 68% |
| 2017 | 5,490,378 | 5,353,553 | 136,825 | -5.6 | 71% |
| 2018 | 6,022,001 | 5,589,363 | 432,638 | 8.9 | 71% |
| 2019 | 6,485,537 | 5,709,399 | 776,138 | 10.4 | 69% |
| 2020 | 6,731,885 | 6,164,864 | 567,021 | 60.9 | 73% |
| 2021 | 6,564,419 | 5,938,466 | 625,953 | 64.5 | 75% |
| 2022 | 8,637,574 | 6,228,964 | 2,408,610 | 66.2 | 70% |
| 2023 | 7,269,990 | 6,895,401 | 374,589 | 60.4 | 72% |
In its most recent public year (2023), this organization brought in $374,589 more than it spent. Its reserves stood at about 60.4 months of spending, up from -4.3 in 2013. Staff pay was 72% 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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