Challenge Detroit
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 222,791 | 165,738 | 57,053 | 4.1 | 21% |
| 2013 | 465,099 | 446,757 | 18,342 | 2.0 | 38% |
| 2014 | 603,409 | 441,980 | 161,429 | 6.4 | 34% |
| 2015 | 275,694 | 327,409 | −51,715 | 6.8 | 53% |
| 2016 | 249,959 | 327,627 | −77,668 | 3.9 | 58% |
| 2017 | 231,279 | 318,045 | −86,766 | 0.8 | 60% |
| 2018 | 379,965 | 335,780 | 44,185 | 2.3 | 57% |
| 2019 | 319,979 | 345,827 | −25,848 | 1.4 | 58% |
| 2020 | 361,291 | 291,374 | 69,917 | 4.5 | 70% |
| 2021 | 318,288 | 289,259 | 29,029 | 5.7 | 73% |
| 2022 | 481,894 | 338,271 | 143,623 | 10.0 | 68% |
| 2023 | 381,667 | 387,867 | −6,200 | 8.5 | 68% |
In its most recent public year (2023), this organization spent $6,200 more than it brought in. Its reserves stood at about 8.5 months of spending, up from 4.1 in 2012. Staff pay was 68% of spending.
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
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