Invest Detroit Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 3,158,400 | 4,730,878 | −1,572,478 | 55.7 | 8% |
| 2012 | 3,214,992 | 3,217,439 | −2,447 | 81.9 | 19% |
| 2013 | 5,646,128 | 1,358,512 | 4,287,616 | 231.6 | 61% |
| 2014 | 21,196,273 | 5,681,256 | 15,515,017 | 88.2 | 23% |
| 2015 | 4,695,884 | 5,297,442 | −601,558 | 93.3 | 34% |
| 2016 | 12,438,864 | 5,167,283 | 7,271,581 | 118.4 | 38% |
| 2017 | 14,953,126 | 7,545,062 | 7,408,064 | 95.0 | 48% |
| 2018 | 21,050,521 | 10,564,484 | 10,486,037 | 76.6 | 35% |
| 2019 | 37,493,842 | 16,609,784 | 20,884,058 | 62.5 | 26% |
| 2020 | 36,635,285 | 12,609,786 | 24,025,499 | 118.3 | 4% |
| 2021 | 12,808,930 | 21,728,487 | −8,919,557 | 65.9 | 25% |
| 2022 | 24,220,233 | 16,790,775 | 7,429,458 | 86.6 | 39% |
| 2023 | 29,564,845 | 14,291,075 | 15,273,770 | 114.5 | 50% |
In its most recent public year (2023), this organization brought in $15,273,770 more than it spent. Its reserves stood at about 114.5 months of spending, up from 55.7 in 2011. Staff pay was 50% of spending. $32,645,148 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
Invest Detroit Foundation's IRS filings as a feed — one entry per filing year, through 2023. 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