Keep Growing Detroit
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2013 | 536,595 | 310,322 | 226,273 | 8.7 | 57% |
| 2014 | 355,768 | 497,615 | −141,847 | 1.4 | 62% |
| 2015 | 720,296 | 539,203 | 181,093 | 5.4 | 58% |
| 2016 | 795,404 | 622,314 | 173,090 | 8.0 | 58% |
| 2017 | 696,663 | 725,731 | −29,068 | 6.4 | 59% |
| 2018 | 973,814 | 716,672 | 257,142 | 10.7 | 64% |
| 2019 | 739,656 | 768,810 | −29,154 | 7.4 | 60% |
| 2020 | 774,092 | 774,300 | −208 | 7.4 | 59% |
| 2021 | 2,148,305 | 855,579 | 1,292,726 | 24.8 | 57% |
| 2022 | 1,392,135 | 1,168,874 | 223,261 | 19.9 | 51% |
| 2023 | 1,814,894 | 1,429,367 | 385,527 | 20.6 | 48% |
In its most recent public year (2023), this organization brought in $385,527 more than it spent. Its reserves stood at about 20.6 months of spending, up from 8.7 in 2013. Staff pay was 48% of spending. $870,123 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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