Detroit Economic Growth Corp
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 5,495,778 | 5,486,172 | 9,606 | 9.0 | 58% |
| 2012 | 6,141,398 | 6,075,488 | 65,910 | 8.3 | 57% |
| 2013 | 5,835,485 | 5,806,139 | 29,346 | 8.7 | 61% |
| 2014 | 6,672,980 | 6,606,176 | 66,804 | 7.8 | 65% |
| 2015 | 6,786,095 | 6,771,152 | 14,943 | 7.6 | 60% |
| 2016 | 6,949,881 | 6,943,277 | 6,604 | 7.5 | 66% |
| 2017 | 6,961,838 | 6,861,303 | 100,535 | 7.7 | 65% |
| 2018 | 8,222,854 | 7,946,964 | 275,890 | 7.1 | 62% |
| 2019 | 8,704,414 | 8,674,384 | 30,030 | 6.5 | 65% |
| 2020 | 10,136,723 | 10,159,135 | −22,412 | 5.5 | 57% |
| 2021 | 9,073,481 | 8,341,022 | 732,459 | 7.8 | 63% |
| 2022 | 10,420,774 | 8,819,151 | 1,601,623 | 9.6 | 64% |
| 2023 | 9,492,028 | 9,540,649 | −48,621 | 8.8 | 62% |
In its most recent public year (2023), this organization spent $48,621 more than it brought in. Its reserves stood at about 8.8 months of spending. Staff pay was 62% of spending. $3,972,668 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 Economic Growth Corp'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