Michigan Foster Care Closet
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 93,897 | 77,050 | 16,847 | 11.7 | — |
| 2021 | 142,928 | 76,668 | 66,260 | 24.7 | — |
| 2022 | 155,251 | 168,801 | −13,550 | 10.3 | — |
| 2023 | 169,396 | 143,289 | 26,107 | 14.3 | — |
In its most recent public year (2023), this organization brought in $26,107 more than it spent. Its reserves stood at about 14.3 months of spending, up from 11.7 in 2020.
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
Michigan Foster Care Closet'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