Michigan American Legion Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2016 | 247,622 | 160,368 | 87,254 | 6.5 | 0% |
| 2017 | 265,392 | 276,173 | −10,781 | 3.3 | 0% |
| 2018 | 1,246,159 | 301,429 | 944,730 | 40.7 | 0% |
| 2019 | 320,037 | 303,182 | 16,855 | 40.8 | 0% |
| 2020 | 186,006 | 180,988 | 5,018 | 66.2 | 0% |
| 2021 | 113,451 | 52,165 | 61,286 | 295.7 | 0% |
| 2022 | 277,909 | 117,347 | 160,562 | 128.0 | 0% |
| 2023 | 239,892 | 160,549 | 79,343 | 101.0 | 0% |
In its most recent public year (2023), this organization brought in $79,343 more than it spent. Its reserves stood at about 101 months of spending, up from 6.5 in 2016. Staff pay was 0% of spending. $1,066,548 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
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