New Detroit Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,705,241 | 2,977,111 | −1,271,870 | 0.5 | 39% |
| 2012 | 1,744,983 | 2,310,481 | −565,498 | -2.4 | 41% |
| 2013 | 1,979,569 | 1,832,562 | 147,007 | -2.0 | 46% |
| 2014 | 1,523,298 | 2,500,049 | −976,751 | -6.2 | 34% |
| 2015 | 4,658,830 | 1,701,340 | 2,957,490 | 11.8 | 48% |
| 2016 | 1,537,781 | 1,906,093 | −368,312 | 8.2 | 38% |
| 2017 | 1,483,243 | 1,571,032 | −87,789 | 9.3 | 14% |
| 2018 | 1,038,595 | 1,481,739 | −443,144 | 6.3 | 40% |
| 2019 | 1,112,512 | 959,993 | 152,519 | 11.6 | 11% |
| 2020 | 1,166,636 | 743,153 | 423,483 | 21.8 | 54% |
| 2021 | 1,123,189 | 991,618 | 131,571 | 17.9 | 50% |
| 2022 | 1,396,761 | 1,314,965 | 81,796 | 14.3 | 42% |
| 2023 | 795,946 | 1,298,559 | −502,613 | 9.8 | 46% |
In its most recent public year (2023), this organization spent $502,613 more than it brought in. Its reserves stood at about 9.8 months of spending, up from 0.5 in 2011. Staff pay was 46% of spending. $189,584 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
New Detroit Inc'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