Hazel Park Promise Zone Authority
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 423,504 | 288,763 | 134,741 | 26.3 | 38% |
| 2021 | 465,355 | 259,932 | 205,423 | 38.7 | 46% |
| 2022 | 630,565 | 343,448 | 287,117 | 39.4 | 38% |
| 2023 | 813,128 | 345,920 | 467,208 | 55.3 | 38% |
In its most recent public year (2023), this organization brought in $467,208 more than it spent. Its reserves stood at about 55.3 months of spending, up from 26.3 in 2020. Staff pay was 38% of spending. $220,200 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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