Foundation For Detroits Future
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 21,705,955 | 18,934,316 | 2,771,639 | 20.9 | 0% |
| 2020 | 26,353,221 | 18,934,438 | 7,418,783 | 25.6 | 0% |
| 2021 | 26,320,980 | 18,911,430 | 7,409,550 | 30.4 | 0% |
| 2022 | 16,700,418 | 18,916,553 | −2,216,135 | 29.0 | 0% |
| 2023 | 17,474,620 | 18,925,421 | −1,450,801 | 28.0 | 0% |
In its most recent public year (2023), this organization spent $1,450,801 more than it brought in. Its reserves stood at about 28 months of spending, up from 20.9 in 2019. Staff pay was 0% of spending.
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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