Detroit Future City
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2016 | 2,405,209 | 1,833,536 | 571,673 | 4.1 | 41% |
| 2017 | 2,017,036 | 1,925,964 | 91,072 | 4.4 | 42% |
| 2018 | 3,436,701 | 1,962,419 | 1,474,282 | 13.4 | 0% |
| 2019 | 2,433,391 | 2,327,949 | 105,442 | 11.8 | 38% |
| 2020 | 2,646,107 | 2,544,328 | 101,779 | 11.3 | 43% |
| 2021 | 3,923,868 | 2,577,575 | 1,346,293 | 17.4 | 50% |
| 2022 | 2,600,145 | 2,861,828 | −261,683 | 14.6 | 49% |
| 2023 | 875,516 | 2,940,106 | −2,064,590 | 5.8 | 57% |
In its most recent public year (2023), this organization spent $2,064,590 more than it brought in. Its reserves stood at about 5.8 months of spending, up from 4.1 in 2016. Staff pay was 57% of spending. $369,936 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
Detroit Future City's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works