Michigan Youth Empowerment Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 371,936 | 317,008 | 54,928 | 2.8 | 10% |
| 2021 | 101,208 | 81,387 | 19,821 | 13.8 | 64% |
| 2022 | 44,018 | 54,123 | −10,105 | 18.6 | 75% |
| 2023 | 11,724 | 22,959 | −11,235 | 37.9 | 60% |
In its most recent public year (2023), this organization spent $11,235 more than it brought in. Its reserves stood at about 37.9 months of spending, up from 2.8 in 2020. Staff pay was 60% 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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