Redford Center Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2014 | 556,152 | 414,859 | 141,293 | 4.1 | 39% |
| 2015 | 1,918,898 | 1,494,436 | 424,462 | 4.5 | 13% |
| 2016 | 1,374,242 | 1,016,148 | 358,094 | 13.0 | 33% |
| 2017 | 2,558,324 | 2,463,874 | 94,450 | 5.8 | 14% |
| 2018 | 2,787,000 | 2,704,074 | 82,926 | 5.7 | 13% |
| 2019 | 3,153,562 | 2,088,600 | 1,064,962 | 13.5 | 22% |
| 2020 | 9,957,339 | 4,403,150 | 5,554,189 | 21.5 | 13% |
| 2021 | 4,156,268 | 4,721,402 | −565,134 | 18.6 | 19% |
| 2022 | 4,498,128 | 5,258,906 | −760,778 | 15.0 | 22% |
| 2023 | 11,485,028 | 7,882,734 | 3,602,294 | 15.5 | 14% |
In its most recent public year (2023), this organization brought in $3,602,294 more than it spent. Its reserves stood at about 15.5 months of spending, up from 4.1 in 2014. Staff pay was 14% of spending. $6,664,802 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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