Detroit Artists Market
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 417,717 | 402,286 | 15,431 | 10.7 | 33% |
| 2012 | 400,133 | 453,499 | −53,366 | 8.2 | 29% |
| 2013 | 457,586 | 443,132 | 14,454 | 9.2 | 28% |
| 2014 | 419,695 | 477,891 | −58,196 | 7.3 | 27% |
| 2015 | 566,544 | 532,902 | 33,642 | 7.4 | 24% |
| 2016 | 387,867 | 420,789 | −32,922 | 8.5 | 24% |
| 2017 | 480,269 | 418,552 | 61,717 | 10.7 | 25% |
| 2018 | 349,863 | 348,698 | 1,165 | 13.3 | 33% |
| 2019 | 308,662 | 380,923 | −72,261 | 10.1 | 30% |
| 2020 | 398,649 | 374,011 | 24,638 | 11.2 | 33% |
| 2021 | 384,964 | 343,077 | 41,887 | 15.1 | 37% |
| 2022 | 246,278 | 311,424 | −65,146 | 13.6 | 42% |
| 2023 | 305,171 | 256,507 | 48,664 | 19.3 | 40% |
In its most recent public year (2023), this organization brought in $48,664 more than it spent. Its reserves stood at about 19.3 months of spending, up from 10.7 in 2011. Staff pay was 40% of spending. $123,763 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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