Detroit Omega Foundation Incorporated
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 65,617 | 55,402 | 10,215 | 14.5 | — |
| 2019 | 88,971 | 83,462 | 5,509 | 10.6 | — |
| 2020 | 39,223 | 29,540 | 9,683 | 30.6 | — |
| 2021 | 92,697 | 57,213 | 35,484 | 23.2 | — |
| 2022 | 56,599 | 52,062 | 4,537 | 26.6 | — |
| 2023 | 95,997 | 78,009 | 17,988 | 62.8 | 0% |
In its most recent public year (2023), this organization brought in $17,988 more than it spent. Its reserves stood at about 62.8 months of spending, up from 14.5 in 2018. Staff pay was 0% of spending. $25,625 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 Omega Foundation Incorporated'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