Detroit Alumni Chapter Of Kappa Alpha Psi Fraternity
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 110,640 | 104,212 | 6,428 | 12.1 | — |
| 2013 | 125,195 | 107,439 | 17,756 | 11.3 | — |
| 2014 | 50,513 | 57,143 | −6,630 | 12.9 | — |
| 2015 | 47,515 | 40,453 | 7,062 | 14.5 | — |
| 2016 | 74,901 | 79,049 | −4,148 | 14.4 | — |
| 2017 | 74,556 | 84,098 | −9,542 | 12.2 | — |
| 2018 | 57,787 | 56,019 | 1,768 | 18.6 | — |
| 2019 | 77,951 | 72,893 | 5,058 | 14.7 | — |
| 2020 | 102,049 | 74,555 | 27,494 | 18.8 | — |
In its most recent public year (2020), this organization brought in $27,494 more than it spent. Its reserves stood at about 18.8 months of spending, up from 12.1 in 2012.
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 2020. 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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