Michigan Reading Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 0 | 0 | 0 | — | — |
| 2019 | 519,417 | 492,596 | 26,821 | 8.9 | 18% |
| 2020 | 56,728 | 230,554 | −173,826 | 10.7 | 38% |
| 2021 | 141,337 | 166,254 | −24,917 | 13.0 | 35% |
| 2022 | 171,711 | 155,917 | 15,794 | 15.1 | 24% |
| 2023 | 256,269 | 208,338 | 47,931 | 14.0 | 23% |
In its most recent public year (2023), this organization brought in $47,931 more than it spent. Its reserves stood at about 14 months of spending. Staff pay was 23% 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
Michigan Reading Association'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