Prosperus Detroit Micro Lending
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2014 | 3,938 | 2,400 | 1,538 | 1482.7 | — |
| 2015 | 6,048 | 165 | 5,883 | 21994.3 | — |
| 2016 | 12,878 | 0 | 12,878 | — | — |
| 2017 | 13,663 | 0 | 13,663 | — | — |
| 2018 | 17,372 | 277 | 17,095 | 43355.1 | 0% |
| 2019 | 30,428 | 8,406 | 22,022 | 1597.2 | 0% |
| 2020 | 1,383,329 | 426,416 | 956,913 | 58.4 | 25% |
| 2021 | 2,015,373 | 1,841,196 | 174,177 | 14.7 | 28% |
| 2022 | 3,302,099 | 2,010,396 | 1,291,703 | 21.1 | 40% |
| 2023 | 1,801,771 | 2,249,853 | −448,082 | 16.5 | 47% |
In its most recent public year (2023), this organization spent $448,082 more than it brought in. Its reserves stood at about 16.5 months of spending, down from 1482.7 in 2014. Staff pay was 47% of spending. $943,607 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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