Detroit Development Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,656,022 | 1,889,369 | −233,347 | 47.5 | 32% |
| 2012 | 1,138,804 | 1,783,785 | −644,981 | 46.0 | 35% |
| 2013 | 1,291,498 | 2,433,115 | −1,141,617 | 27.2 | 28% |
| 2014 | 2,322,701 | 2,192,548 | 130,153 | 27.4 | 33% |
| 2015 | 6,350,689 | 2,503,224 | 3,847,465 | 40.8 | 33% |
| 2016 | 5,125,474 | 2,959,883 | 2,165,591 | 41.1 | 30% |
| 2017 | 6,935,859 | 3,660,598 | 3,275,261 | 43.8 | 28% |
| 2018 | 1,781,233 | 3,588,923 | −1,807,690 | 35.6 | 33% |
| 2019 | 1,512,237 | 3,301,507 | −1,789,270 | 29.7 | 38% |
| 2020 | 3,242,938 | 3,039,382 | 203,556 | 32.7 | 38% |
| 2021 | 2,941,920 | 2,203,336 | 738,584 | 47.0 | 51% |
| 2022 | 3,234,640 | 2,405,692 | 828,948 | 44.9 | 49% |
| 2023 | 4,151,318 | 2,690,924 | 1,460,394 | 43.4 | 43% |
In its most recent public year (2023), this organization brought in $1,460,394 more than it spent. Its reserves stood at about 43.4 months of spending, down from 47.5 in 2011. Staff pay was 43% of spending. $3,821,208 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 Development Fund'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