Detroit Public Library Friends Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 364,368 | 326,235 | 38,133 | 113.6 | 29% |
| 2013 | 472,650 | 373,130 | 99,520 | 104.7 | 24% |
| 2014 | 552,827 | 386,846 | 165,981 | 107.6 | 21% |
| 2015 | 642,390 | 480,803 | 161,587 | 89.0 | 25% |
| 2016 | 319,509 | 320,690 | −1,181 | 130.5 | 30% |
| 2017 | 421,321 | 327,283 | 94,038 | 134.1 | 23% |
| 2018 | 396,491 | 300,570 | 95,921 | 155.5 | 51% |
| 2019 | 458,669 | 332,737 | 125,932 | 144.5 | 49% |
| 2020 | 235,281 | 278,122 | −42,841 | 165.7 | 55% |
| 2021 | 772,383 | 402,203 | 370,180 | 144.2 | 44% |
| 2022 | 310,193 | 510,251 | −200,058 | 99.8 | 50% |
| 2023 | 172,370 | 487,690 | −315,320 | 95.3 | 64% |
In its most recent public year (2023), this organization spent $315,320 more than it brought in. Its reserves stood at about 95.3 months of spending, down from 113.6 in 2012. Staff pay was 64% of spending. $1,272,096 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
Detroit Public Library Friends Foundation Inc'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