Comerica Charitable Tr
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 4,999,130 | 1,634,877 | 3,364,253 | 68.5 | 0% |
| 2012 | 13,135,802 | 2,853,163 | 10,282,639 | 52.1 | 0% |
| 2013 | 23,571,429 | 5,685,614 | 17,885,815 | 64.4 | 0% |
| 2014 | 17,327,863 | 16,324,972 | 1,002,891 | 24.5 | 0% |
| 2015 | 13,170,328 | 11,419,765 | 1,750,563 | 36.8 | 0% |
| 2016 | 5,823,430 | 7,723,208 | −1,899,778 | 52.4 | 0% |
| 2017 | 8,963,563 | 18,885,366 | −9,921,803 | 21.3 | 0% |
| 2018 | 28,711,665 | 9,439,527 | 19,272,138 | 67.5 | 0% |
| 2019 | 15,564,469 | 9,528,800 | 6,035,669 | 75.9 | 0% |
| 2020 | 17,195,992 | 9,015,480 | 8,180,512 | 90.2 | 0% |
| 2021 | 21,151,403 | 16,731,488 | 4,419,915 | 61.6 | 0% |
| 2022 | 13,296,605 | 8,605,126 | 4,691,479 | 105.5 | 0% |
| 2023 | 12,994,069 | 16,638,216 | −3,644,147 | 56.4 | 0% |
In its most recent public year (2023), this organization spent $3,644,147 more than it brought in. Its reserves stood at about 56.4 months of spending, down from 68.5 in 2011. Staff pay was 0% of spending. $1,311,571 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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