Micheals Promise
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2022 | 23,534 | 5,513 | 18,021 | 39.2 | — |
| 2023 | 122 | 6,284 | −6,162 | 22.6 | — |
In its most recent public year (2023), this organization spent $6,162 more than it brought in. Its reserves stood at about 22.6 months of spending, down from 39.2 in 2022.
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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