Upper Peninsula Honor Flight
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 129,663 | 20,308 | 109,355 | 273.3 | 0% |
| 2021 | 126,464 | 14,363 | 112,101 | 480.0 | 0% |
| 2022 | 560,377 | 375,208 | 185,169 | 24.3 | 0% |
| 2023 | 307,808 | 284,967 | 22,841 | 33.0 | 0% |
In its most recent public year (2023), this organization brought in $22,841 more than it spent. Its reserves stood at about 33 months of spending, down from 273.3 in 2020. Staff pay was 0% 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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