Invest Detroit Cde
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 593,537 | 238,694 | 354,843 | 20.4 | 71% |
| 2012 | 1,024,746 | 398,457 | 626,289 | 31.1 | 40% |
| 2013 | 681,235 | 447,579 | 233,656 | 33.9 | 36% |
| 2014 | 1,131,323 | 1,524,804 | −393,481 | 6.9 | 14% |
| 2015 | 603,668 | 534,711 | 68,957 | 21.1 | 39% |
| 2016 | 774,988 | 607,714 | 167,274 | 21.9 | 38% |
| 2017 | 830,954 | 673,409 | 157,545 | 22.6 | 33% |
| 2018 | 3,256,083 | 670,247 | 2,585,836 | 69.0 | 32% |
| 2019 | 800,136 | 723,771 | 76,365 | 74.0 | 30% |
| 2020 | 656,877 | 674,240 | −17,363 | 79.1 | 38% |
| 2021 | 758,296 | 751,424 | 6,872 | 71.1 | 39% |
| 2022 | 153,307 | 280,479 | −127,172 | 185.0 | 52% |
In its most recent public year (2022), this organization spent $127,172 more than it brought in. Its reserves stood at about 185 months of spending, up from 20.4 in 2011. Staff pay was 52% 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 2022. 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
Invest Detroit Cde's IRS filings as a feed — one entry per filing year, through 2022. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works