West Michigan Aviation Academy Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 3,071,171 | 193,938 | 2,877,233 | 178.0 | 0% |
| 2021 | 2,264,081 | 2,646,039 | −381,958 | 11.3 | 0% |
| 2022 | 2,348,565 | 2,389,433 | −40,868 | 12.3 | 0% |
| 2023 | 1,246,075 | 1,149,199 | 96,876 | 26.6 | 0% |
In its most recent public year (2023), this organization brought in $96,876 more than it spent. Its reserves stood at about 26.6 months of spending, down from 178 in 2020. Staff pay was 0% of spending. $2,250,649 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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