Michigan Street African American Heritage Corridor Commission Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 40,060 | 74,581 | −34,521 | -5.5 | — |
| 2015 | 95,463 | 82,559 | 12,904 | 3.2 | 0% |
| 2016 | 117,958 | 122,575 | −4,617 | 1.7 | 0% |
| 2017 | 103,500 | 125,271 | −21,771 | -0.4 | 0% |
| 2018 | 40,837 | 41,661 | −824 | -3.2 | 0% |
| 2019 | 48,050 | 24,306 | 23,744 | 43.8 | 0% |
| 2020 | 200,913 | 154,561 | 46,352 | 3.0 | 48% |
| 2021 | 290,261 | 263,014 | 27,247 | 3.0 | 44% |
| 2022 | 2,544,944 | 473,299 | 2,071,645 | 54.2 | 25% |
| 2023 | 850,363 | 588,970 | 261,393 | 48.8 | 28% |
In its most recent public year (2023), this organization brought in $261,393 more than it spent. Its reserves stood at about 48.8 months of spending, up from -5.5 in 2012. Staff pay was 28% of spending. $278,650 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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