West Michigan Asian American Association Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 45,183 | 32,644 | 12,539 | 15.2 | 15% |
| 2012 | 112,522 | 60,705 | 51,817 | 10.4 | 3% |
| 2013 | 56,689 | 49,395 | 7,294 | 14.6 | 6% |
| 2014 | 52,838 | 40,671 | 12,167 | 21.3 | 9% |
| 2015 | 57,337 | 43,012 | 14,325 | 24.1 | 8% |
| 2016 | 123,477 | 104,885 | 18,592 | 12.0 | 3% |
| 2017 | 193,366 | 175,176 | 18,190 | 8.4 | 2% |
| 2018 | 207,654 | 201,358 | 6,296 | 7.7 | 2% |
| 2019 | 226,367 | 226,091 | 276 | 6.9 | 18% |
| 2020 | 397,675 | 366,311 | 31,364 | 5.3 | 18% |
| 2021 | 262,700 | 275,275 | −12,575 | 6.5 | 15% |
| 2022 | 433,145 | 324,696 | 108,449 | 9.5 | 19% |
| 2023 | 597,603 | 445,248 | 152,355 | 11.0 | 14% |
In its most recent public year (2023), this organization brought in $152,355 more than it spent. Its reserves stood at about 11 months of spending, down from 15.2 in 2011. Staff pay was 14% 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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