Detroit Downtown Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 71,855 | 1,250 | 70,605 | -1219.6 | 0% |
| 2011 | 66,830 | 1,559 | 65,271 | -475.5 | 0% |
| 2012 | 53,920 | 37,611 | 16,309 | -14.5 | 0% |
| 2013 | 61,328 | 34,127 | 27,201 | -6.4 | 0% |
| 2014 | 816,789 | 796,926 | 19,863 | 0.0 | 0% |
| 2015 | 3,439,816 | 3,396,004 | 43,812 | 0.2 | 0% |
| 2016 | 3,984,063 | 3,952,333 | 31,730 | 0.2 | 0% |
| 2017 | 4,504,534 | 4,496,466 | 8,068 | 0.2 | 0% |
| 2018 | 4,677,912 | 4,627,035 | 50,877 | 0.4 | 0% |
| 2019 | 4,237,734 | 4,207,531 | 30,203 | 0.5 | 0% |
| 2020 | 4,419,987 | 4,388,299 | 31,688 | 0.6 | 0% |
| 2021 | 4,731,023 | 4,680,154 | 50,869 | 0.7 | 0% |
| 2022 | 5,310,253 | 5,197,272 | 112,981 | 0.8 | 15% |
In its most recent public year (2022), this organization brought in $112,981 more than it spent. Its reserves stood at about 0.8 months of spending, up from -1219.6 in 2010. Staff pay was 15% 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
Detroit Downtown Inc'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