Macys Inc Welfare Benefits Trust
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 155,876,404 | 150,682,967 | 5,193,437 | 1.8 | 0% |
| 2013 | 59,935,413 | 49,955,975 | 9,979,438 | 8.1 | 0% |
| 2014 | 149,649,576 | 154,480,389 | −4,830,813 | 2.2 | 0% |
| 2015 | 153,005,855 | 162,055,510 | −9,049,655 | 1.5 | 0% |
| 2016 | 115,946,563 | 123,468,913 | −7,522,350 | 1.2 | 0% |
| 2017 | 132,482,406 | 121,281,913 | 11,200,493 | 2.3 | 0% |
| 2018 | 113,824,227 | 108,409,042 | 5,415,185 | 3.2 | 0% |
| 2019 | 103,501,124 | 113,104,810 | −9,603,686 | 2.0 | 0% |
| 2020 | 77,319,451 | 88,161,685 | −10,842,234 | 1.1 | 0% |
| 2021 | 85,356,698 | 86,469,550 | −1,112,852 | 1.0 | 0% |
| 2022 | 75,741,479 | 76,253,409 | −511,930 | 1.1 | 0% |
| 2023 | 74,335,720 | 67,638,223 | 6,697,497 | 2.4 | 0% |
| 2024 | 2,911,965 | 12,474,660 | −9,562,695 | 3.8 | 0% |
In its most recent public year (2024), this organization spent $9,562,695 more than it brought in. Its reserves stood at about 3.8 months of spending, up from 1.8 in 2012. 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 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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