Detroit Achievement Academy Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2016 | 562,500 | 437,000 | 125,500 | 3.4 | 0% |
| 2017 | 224,353 | 341,058 | −116,705 | 0.3 | 0% |
| 2018 | 673,468 | 519,192 | 154,276 | 3.8 | 0% |
| 2019 | 591,613 | 300,736 | 290,877 | 18.1 | 0% |
| 2020 | 2,413,328 | 770,188 | 1,643,140 | 32.7 | 0% |
| 2021 | 1,331,985 | 816,008 | 515,977 | 46.2 | 0% |
| 2022 | 1,808,998 | 1,472,976 | 336,022 | 28.3 | 0% |
| 2023 | 2,279,948 | 1,020,902 | 1,259,046 | 55.7 | 1% |
In its most recent public year (2023), this organization brought in $1,259,046 more than it spent. Its reserves stood at about 55.7 months of spending, up from 3.4 in 2016. Staff pay was 1% of spending. $100,000 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 Achievement Academy Foundation'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