Hope Ignites Detroit
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 648,113 | 951,770 | −303,657 | 10.4 | 49% |
| 2019 | 998,216 | 916,083 | 82,133 | 11.9 | 50% |
| 2020 | 1,394,858 | 846,268 | 548,590 | 20.7 | 45% |
| 2021 | 765,072 | 729,776 | 35,296 | 24.6 | 46% |
| 2022 | 620,199 | 791,370 | −171,171 | 19.0 | 55% |
| 2023 | 707,899 | 994,310 | −286,411 | 12.3 | 53% |
In its most recent public year (2023), this organization spent $286,411 more than it brought in. Its reserves stood at about 12.3 months of spending, up from 10.4 in 2018. Staff pay was 53% of spending.
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
Hope Ignites 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