Connect Detroit
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 6,724,784 | 6,822,100 | −97,316 | 0.1 | 49% |
| 2011 | 3,807,051 | 4,356,317 | −549,266 | -1.3 | 48% |
| 2012 | 5,632,596 | 4,427,625 | 1,204,971 | 2.0 | 45% |
| 2013 | 4,569,316 | 4,287,022 | 282,294 | 2.8 | 47% |
| 2014 | 4,621,589 | 4,818,093 | −196,504 | 2.0 | 51% |
| 2015 | 6,015,480 | 5,434,671 | 580,809 | 3.1 | 59% |
| 2016 | 2,875,434 | 3,645,053 | −769,619 | 1.8 | 59% |
| 2017 | 7,608,967 | 7,127,835 | 481,132 | 1.8 | 68% |
| 2018 | 8,331,455 | 7,830,785 | 500,670 | 2.4 | 68% |
| 2019 | 7,236,682 | 7,980,473 | −743,791 | 1.2 | 69% |
| 2020 | 6,140,108 | 6,421,880 | −281,772 | 1.0 | 18% |
| 2021 | 6,855,540 | 6,196,273 | 659,267 | 2.3 | 16% |
| 2022 | 9,571,498 | 9,244,037 | 327,461 | 2.0 | 34% |
| 2023 | 8,663,980 | 9,127,789 | −463,809 | 1.6 | 53% |
In its most recent public year (2023), this organization spent $463,809 more than it brought in. Its reserves stood at about 1.6 months of spending, up from 0.1 in 2010. Staff pay was 53% of spending. $231,122 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
Connect 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