Northern Michigan Angels
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 99,819 | 91,777 | 8,042 | 3.7 | — |
| 2021 | 110,998 | 100,465 | 10,533 | 4.6 | — |
| 2022 | 110,495 | 96,434 | 14,061 | 6.6 | — |
| 2023 | 112,882 | 88,116 | 24,766 | 10.6 | — |
In its most recent public year (2023), this organization brought in $24,766 more than it spent. Its reserves stood at about 10.6 months of spending, up from 3.7 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
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