Health Centers Detroit Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 4,469,361 | 4,000,579 | 468,782 | 12.3 | 58% |
| 2020 | 5,381,572 | 3,768,291 | 1,613,281 | 18.2 | 54% |
| 2021 | 8,360,515 | 8,105,708 | 254,807 | 8.8 | 27% |
| 2022 | 8,561,553 | 7,400,981 | 1,160,572 | 11.6 | 31% |
| 2023 | 7,694,393 | 7,341,225 | 353,168 | 12.2 | 31% |
In its most recent public year (2023), this organization brought in $353,168 more than it spent. Its reserves stood at about 12.2 months of spending. Staff pay was 31% 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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