Detroit Employment Solutions Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2013 | 40,827,302 | 40,582,334 | 244,968 | 0.1 | 10% |
| 2020 | 58,996,318 | 55,388,298 | 3,608,020 | 1.8 | 20% |
| 2021 | 74,043,951 | 64,660,183 | 9,383,768 | 3.3 | 15% |
| 2022 | 61,743,492 | 67,729,669 | −5,986,177 | 2.1 | 16% |
| 2023 | 77,242,425 | 76,646,039 | 596,386 | 1.9 | 19% |
In its most recent public year (2023), this organization brought in $596,386 more than it spent. Its reserves stood at about 1.9 months of spending, up from 0.1 in 2013. Staff pay was 19% of spending. $12,646,617 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 Employment Solutions Corporation'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