Invest Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2015 | 431,045 | 420,513 | 10,532 | 0.3 | 58% |
| 2016 | 427,871 | 347,901 | 79,970 | 2.5 | 54% |
| 2017 | 336,307 | 469,488 | −133,181 | 7.4 | 64% |
| 2018 | 630,112 | 556,842 | 73,270 | 208.5 | 68% |
| 2019 | 4,091,653 | 592,814 | 3,498,839 | 278.2 | 69% |
| 2020 | 991,918 | 960,798 | 31,120 | 187.5 | 38% |
| 2021 | 331,402 | 805,070 | −473,668 | 226.2 | 53% |
| 2022 | −309,731 | 722,704 | −1,032,435 | 270.0 | 55% |
| 2023 | 87,646 | 586,605 | −498,959 | 328.9 | 84% |
In its most recent public year (2023), this organization spent $498,959 more than it brought in. Its reserves stood at about 328.9 months of spending, up from 0.3 in 2015. Staff pay was 84% of spending. $7,583 of its net assets are donor-restricted.
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
Invest Michigan'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