Detroit International Research And Education Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 192,491 | 77,229 | 115,262 | 32.0 | 47% |
| 2021 | 180,349 | 132,358 | 47,991 | 23.0 | 27% |
| 2022 | 162,708 | 193,997 | −31,289 | 13.8 | 19% |
| 2023 | 163,149 | 137,106 | 26,043 | 21.8 | 26% |
In its most recent public year (2023), this organization brought in $26,043 more than it spent. Its reserves stood at about 21.8 months of spending, down from 32 in 2020. Staff pay was 26% of spending. $48,016 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
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