Detriot Economic Growth Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 8,576,612 | 8,965,114 | −388,502 | 5.3 | 0% |
| 2012 | 6,511,689 | 6,388,115 | 123,574 | 7.6 | 0% |
| 2013 | 7,636,759 | 5,735,924 | 1,900,835 | 12.5 | 0% |
| 2014 | 6,431,307 | 6,582,177 | −150,870 | 10.6 | 0% |
| 2015 | 5,721,489 | 6,031,599 | −310,110 | 10.9 | 0% |
| 2016 | 5,247,707 | 5,472,726 | −225,019 | 11.5 | 0% |
| 2017 | 3,434,639 | 3,246,844 | 187,795 | 20.2 | 0% |
| 2018 | 4,135,944 | 3,472,908 | 663,036 | 21.1 | 0% |
| 2019 | 5,908,302 | 6,184,179 | −275,877 | 11.3 | 0% |
| 2020 | 8,243,965 | 8,962,770 | −718,805 | 6.9 | 0% |
| 2021 | 31,173,419 | 30,958,714 | 214,705 | 2.1 | 0% |
| 2022 | 5,567,044 | 4,723,776 | 843,268 | 15.7 | 0% |
| 2023 | 4,308,778 | 4,371,037 | −62,259 | 16.8 | 0% |
In its most recent public year (2023), this organization spent $62,259 more than it brought in. Its reserves stood at about 16.8 months of spending, up from 5.3 in 2011. Staff pay was 0% of spending. $5,612,249 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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