Brilliant Detroit
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 6,187,588 | 3,552,860 | 2,634,728 | 18.8 | 38% |
| 2021 | 7,645,252 | 5,499,256 | 2,145,996 | 16.8 | 42% |
| 2022 | 5,302,640 | 6,762,553 | −1,459,913 | 11.1 | 47% |
| 2023 | 15,038,004 | 7,665,289 | 7,372,715 | 21.3 | 48% |
In its most recent public year (2023), this organization brought in $7,372,715 more than it spent. Its reserves stood at about 21.3 months of spending, up from 18.8 in 2020. Staff pay was 48% of spending. $6,578,482 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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