Michigan Folk School
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 120,706 | 38,373 | 82,333 | 31.7 | 0% |
| 2019 | 119,596 | 75,356 | 44,240 | 23.2 | 0% |
| 2020 | 88,824 | 89,864 | −1,040 | 19.3 | 0% |
| 2021 | 159,654 | 132,882 | 26,772 | 15.5 | 0% |
| 2022 | 186,906 | 160,614 | 26,292 | 14.8 | 0% |
In its most recent public year (2022), this organization brought in $26,292 more than it spent. Its reserves stood at about 14.8 months of spending, down from 31.7 in 2018. 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 2022. 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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