Detroit Jazz Festival Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 2,614,455 | 2,959,187 | −344,732 | 0.6 | 0% |
| 2012 | 4,023,374 | 3,764,994 | 258,380 | 1.3 | 0% |
| 2013 | 3,974,815 | 3,814,730 | 160,085 | 1.8 | 0% |
| 2014 | 3,579,206 | 3,839,166 | −259,960 | 1.0 | 0% |
| 2015 | 3,722,912 | 3,811,476 | −88,564 | 0.7 | 0% |
| 2016 | 4,357,310 | 4,136,552 | 220,758 | 1.3 | 0% |
| 2017 | 4,866,626 | 4,857,211 | 9,415 | 1.1 | 0% |
| 2018 | 4,809,844 | 4,879,396 | −69,552 | 0.9 | 0% |
| 2019 | 4,566,581 | 4,757,607 | −191,026 | 0.4 | 0% |
| 2020 | 3,624,580 | 3,173,318 | 451,262 | 2.3 | 0% |
| 2021 | 3,431,745 | 2,959,434 | 472,311 | 4.4 | 0% |
| 2022 | 3,994,104 | 4,240,783 | −246,679 | 2.4 | 0% |
| 2023 | 3,989,515 | 4,461,950 | −472,435 | 1.0 | 0% |
In its most recent public year (2023), this organization spent $472,435 more than it brought in. Its reserves stood at about 1 months of spending. Staff pay was 0% of spending. $228,350 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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