The Michigan Hispanic Collaborative
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,184,819 | 489,556 | 695,263 | 17.3 | 46% |
| 2021 | 2,077,078 | 965,939 | 1,111,139 | 22.6 | 39% |
| 2022 | 1,925,877 | 1,473,531 | 452,346 | 18.5 | 33% |
| 2023 | 2,337,243 | 1,563,168 | 774,075 | 23.6 | 10% |
In its most recent public year (2023), this organization brought in $774,075 more than it spent. Its reserves stood at about 23.6 months of spending, up from 17.3 in 2020. Staff pay was 10% of spending. $1,698,000 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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