Metro Detroit Black Chamber Of Commerce Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 144,478 | 1,622 | 142,856 | 1056.9 | — |
| 2022 | 1,502,535 | 391,755 | 1,110,780 | 38.4 | 57% |
In its most recent public year (2022), this organization brought in $1,110,780 more than it spent. Its reserves stood at about 38.4 months of spending, down from 1056.9 in 2021. Staff pay was 57% of spending. $896,113 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 2022. 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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