Furnitur E Bank Of Detroit
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 900,507 | 923,170 | −22,663 | 4.3 | 19% |
| 2012 | 887,146 | 913,971 | −26,825 | 3.9 | 19% |
| 2013 | 781,660 | 745,829 | 35,831 | 5.4 | 23% |
| 2014 | 803,756 | 772,477 | 31,279 | 5.7 | 24% |
| 2015 | 1,028,563 | 939,427 | 89,136 | 6.4 | 24% |
| 2016 | 1,216,922 | 1,181,275 | 35,647 | 5.4 | 26% |
| 2017 | 1,091,152 | 1,169,276 | −78,124 | 4.9 | 29% |
| 2018 | 1,219,555 | 1,226,818 | −7,263 | 4.7 | 29% |
| 2019 | 1,490,243 | 1,550,346 | −60,103 | 3.2 | 27% |
| 2020 | 1,524,993 | 1,367,171 | 157,822 | 5.0 | 29% |
| 2021 | 1,525,670 | 1,454,153 | 71,517 | 5.4 | 32% |
| 2022 | 1,795,379 | 1,881,491 | −86,112 | 3.6 | 30% |
| 2023 | 2,090,400 | 2,094,166 | −3,766 | 3.2 | 29% |
In its most recent public year (2023), this organization spent $3,766 more than it brought in. Its reserves stood at about 3.2 months of spending, down from 4.3 in 2011. Staff pay was 29% of spending. $25,000 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
Furnitur E Bank Of Detroit'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