Detroit Experience Factory
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 144,730 | 283,956 | −139,226 | -9.4 | — |
| 2021 | 215,086 | 221,959 | −6,873 | -12.4 | 38% |
In its most recent public year (2021), this organization spent $6,873 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-12.4 months), down from -9.4 in 2020. Staff pay was 38% 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 2021. 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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