Soar Detroit
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 297,962 | 311,531 | −13,569 | 5.4 | 59% |
| 2012 | 302,186 | 308,273 | −6,087 | 3.5 | 57% |
| 2013 | 2,067,884 | 1,021,623 | 1,046,261 | 13.3 | 20% |
| 2014 | 385,650 | 1,913,500 | −1,527,850 | 1.1 | 11% |
| 2015 | 338,130 | 425,441 | −87,311 | 2.6 | 46% |
| 2016 | 402,910 | 373,523 | 29,387 | 4.0 | 59% |
| 2017 | 570,702 | 622,663 | −51,961 | 1.5 | 63% |
| 2018 | 746,473 | 708,513 | 37,960 | 2.0 | 63% |
| 2019 | 1,002,580 | 879,041 | 123,539 | 3.3 | 67% |
| 2020 | 220,256 | 308,640 | −88,384 | 5.9 | 57% |
| 2021 | 697,137 | 675,579 | 21,558 | 2.5 | 57% |
| 2022 | 1,178,586 | 806,054 | 372,532 | 7.6 | 59% |
| 2023 | 792,360 | 884,145 | −91,785 | 5.7 | 58% |
In its most recent public year (2023), this organization spent $91,785 more than it brought in. Its reserves stood at about 5.7 months of spending. Staff pay was 58% of spending. $200,000 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
Soar 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