Michigan Bac Community Service And Scholarship Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2022 | 49,850 | 68,096 | −18,246 | 10.1 | — |
| 2023 | 69,200 | 58,722 | 10,478 | 13.8 | — |
| 2024 | 70,405 | 47,773 | 22,632 | 22.7 | — |
In its most recent public year (2024), this organization brought in $22,632 more than it spent. Its reserves stood at about 22.7 months of spending, up from 10.1 in 2022.
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 2024. 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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