Michigan Downtown Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 44,411 | 56,393 | −11,982 | 12.1 | — |
| 2012 | 37,991 | 43,748 | −5,757 | 14.1 | — |
| 2013 | 57,468 | 55,227 | 2,241 | 13.2 | — |
| 2014 | 69,232 | 90,207 | −20,975 | 5.3 | — |
| 2015 | 93,724 | 102,053 | −8,329 | 3.7 | — |
| 2016 | 84,935 | 95,088 | −10,153 | 2.7 | — |
| 2017 | 109,573 | 123,187 | −13,614 | 0.7 | — |
| 2018 | 127,796 | 96,555 | 31,241 | 4.8 | — |
| 2019 | 75,184 | 67,358 | 7,826 | 2.7 | — |
| 2020 | 48,540 | 30,385 | 18,155 | 13.2 | — |
| 2021 | 95,167 | 81,674 | 13,493 | 6.2 | — |
| 2022 | 112,640 | 116,635 | −3,995 | 3.9 | — |
| 2023 | 121,648 | 121,940 | −292 | 3.7 | — |
In its most recent public year (2023), this organization spent $292 more than it brought in. Its reserves stood at about 3.7 months of spending, down from 12.1 in 2011.
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
Michigan Downtown Association'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