Develop Detroit Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2016 | 6,886,017 | 1,722,611 | 5,163,406 | 36.0 | 40% |
| 2017 | 2,205,063 | 2,025,423 | 179,640 | 31.7 | 40% |
| 2018 | 3,178,689 | 2,880,514 | 298,175 | 23.5 | 38% |
| 2019 | 235,791 | 2,620,109 | −2,384,318 | 15.0 | 42% |
| 2020 | 7,642,414 | 4,473,842 | 3,168,572 | 17.3 | 26% |
| 2021 | 4,872,421 | 4,882,501 | −10,080 | 15.8 | 27% |
| 2022 | 5,044,261 | 3,865,351 | 1,178,910 | 12.4 | 37% |
| 2023 | 5,822,593 | 4,094,725 | 1,727,868 | 16.9 | 31% |
In its most recent public year (2023), this organization brought in $1,727,868 more than it spent. Its reserves stood at about 16.9 months of spending, down from 36 in 2016. Staff pay was 31% of spending. $1,187,499 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
Develop Detroit Inc'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