Detroit Creativity Project
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2014 | 70,011 | 27,868 | 42,143 | 18.1 | — |
| 2015 | 77,295 | 80,768 | −3,473 | 6.7 | 0% |
| 2016 | 110,077 | 101,929 | 8,148 | 6.3 | — |
| 2017 | 112,418 | 128,659 | −16,241 | 3.4 | — |
| 2018 | 193,256 | 167,295 | 25,961 | 4.5 | — |
| 2019 | 335,444 | 174,304 | 161,140 | 15.4 | 0% |
| 2020 | 188,646 | 255,847 | −67,201 | 7.4 | 0% |
| 2021 | 183,337 | 213,339 | −30,002 | 7.1 | 15% |
| 2022 | 252,152 | 218,101 | 34,051 | 8.9 | 70% |
| 2023 | 198,125 | 273,140 | −75,015 | 3.8 | 70% |
In its most recent public year (2023), this organization spent $75,015 more than it brought in. Its reserves stood at about 3.8 months of spending, down from 18.1 in 2014. Staff pay was 70% of spending. $49,078 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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