Michigan Assessment Consortium Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2013 | 339,233 | 242,553 | 96,680 | 6.3 | 0% |
| 2014 | 681,454 | 504,554 | 176,900 | 9.2 | 0% |
| 2015 | 924,109 | 793,291 | 130,818 | 6.6 | 0% |
| 2016 | 857,081 | 810,959 | 46,122 | 7.2 | 3% |
| 2017 | 1,488,677 | 1,232,154 | 256,523 | 7.2 | 6% |
| 2018 | 1,972,868 | 1,577,099 | 395,769 | 8.7 | 39% |
| 2019 | 2,357,649 | 1,925,204 | 432,445 | 9.8 | 8% |
| 2020 | 1,918,251 | 1,807,826 | 110,425 | 11.2 | 11% |
| 2021 | 1,922,010 | 1,810,283 | 111,727 | 11.9 | 39% |
| 2022 | 2,360,554 | 2,290,213 | 70,341 | 9.8 | 43% |
| 2023 | 2,587,419 | 2,605,260 | −17,841 | 8.5 | 38% |
In its most recent public year (2023), this organization spent $17,841 more than it brought in. Its reserves stood at about 8.5 months of spending, up from 6.3 in 2013. Staff pay was 38% 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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