Mymichigan Health Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2017 | 46,410,317 | 10,854,043 | 35,556,274 | 39.3 | 0% |
| 2018 | 12,655,227 | 2,636,975 | 10,018,252 | 207.5 | 0% |
| 2019 | 4,383,415 | 1,945,711 | 2,437,704 | 304.6 | 0% |
| 2020 | 4,536,084 | 2,010,009 | 2,526,075 | 309.3 | 0% |
| 2021 | 3,599,995 | 17,135,178 | −13,535,183 | 26.9 | 0% |
| 2022 | 22,599,091 | 7,800,727 | 14,798,364 | 81.8 | 0% |
| 2023 | 13,614,842 | 23,797,004 | −10,182,162 | 21.7 | 0% |
In its most recent public year (2023), this organization spent $10,182,162 more than it brought in. Its reserves stood at about 21.7 months of spending, down from 39.3 in 2017. Staff pay was 0% of spending. $43,076,274 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
Mymichigan Health Foundation's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works