Detroit Promise Zone
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 0 | 0 | 0 | — | — |
| 2021 | 1,817,909 | 1,176,411 | 641,498 | 6.5 | 0% |
| 2022 | 2,653,428 | 620,039 | 2,033,389 | 51.8 | 0% |
| 2023 | 2,451,802 | 4,705,056 | −2,253,254 | 1.1 | 0% |
| 2024 | 4,492,652 | 3,229,541 | 1,263,111 | 6.3 | 0% |
In its most recent public year (2024), this organization brought in $1,263,111 more than it spent. Its reserves stood at about 6.3 months of spending. Staff pay was 0% 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 2024. 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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