7 Mile Business Community Association Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 34,493 | 40,892 | −6,399 | 3.8 | — |
| 2011 | 54,853 | 55,818 | −965 | 2.6 | — |
| 2012 | 91,936 | 67,708 | 24,228 | 6.4 | — |
| 2013 | 67,590 | 76,218 | −8,628 | 4.4 | — |
| 2014 | 76,444 | 81,913 | −5,469 | 3.3 | — |
| 2015 | 78,906 | 60,545 | 18,361 | 8.1 | — |
| 2016 | 81,926 | 72,340 | 9,586 | 8.3 | — |
| 2017 | 64,843 | 65,629 | −786 | 9.0 | — |
| 2018 | 89,038 | 70,969 | 18,069 | 11.4 | — |
| 2019 | 55,366 | 68,845 | −13,479 | 9.4 | — |
| 2020 | 44,481 | 66,117 | −21,636 | 5.9 | — |
| 2021 | 86,945 | 70,115 | 16,830 | 8.4 | — |
| 2022 | 48,160 | 71,631 | −23,471 | 4.3 | — |
| 2023 | 37,793 | 41,569 | −3,776 | 6.3 | — |
In its most recent public year (2023), this organization spent $3,776 more than it brought in. Its reserves stood at about 6.3 months of spending, up from 3.8 in 2010.
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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