Midtown Detroit Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2016 | 5,557,780 | 1,708,273 | 3,849,507 | 27.0 | 0% |
| 2017 | 5,739,941 | 3,547,964 | 2,191,977 | 9.5 | 0% |
| 2018 | 5,106,739 | 4,792,545 | 314,194 | 10.4 | 11% |
| 2019 | 5,860,466 | 6,498,607 | −638,141 | 8.0 | 10% |
| 2020 | 6,273,249 | 6,498,982 | −225,733 | 7.5 | 10% |
| 2021 | 4,938,478 | 6,880,315 | −1,941,837 | 5.9 | 10% |
| 2022 | 6,472,343 | 5,572,922 | 899,421 | 10.2 | 11% |
| 2023 | 8,677,582 | 5,942,945 | 2,734,637 | 14.8 | 11% |
In its most recent public year (2023), this organization brought in $2,734,637 more than it spent. Its reserves stood at about 14.8 months of spending, down from 27 in 2016. Staff pay was 11% of spending. $8,131,050 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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