Metropolitan Detroit Research And Education Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 339,595 | 335,892 | 3,703 | 8.9 | 16% |
| 2021 | 172,260 | 228,857 | −56,597 | 11.9 | 23% |
| 2022 | 89,548 | 159,843 | −70,295 | 11.8 | 41% |
| 2023 | 77,379 | 189,212 | −111,833 | 2.8 | 79% |
In its most recent public year (2023), this organization spent $111,833 more than it brought in. Its reserves stood at about 2.8 months of spending, down from 8.9 in 2020. Staff pay was 79% 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
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