Hostel Detroit
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2014 | 129,538 | 141,724 | −12,186 | 2.2 | — |
| 2015 | 129,538 | 141,724 | −12,186 | 2.2 | — |
| 2016 | 206,419 | 190,194 | 16,225 | 4.6 | 57% |
| 2017 | 243,329 | 199,096 | 44,233 | 7.1 | 54% |
| 2018 | 211,144 | 213,736 | −2,592 | 6.7 | 57% |
| 2019 | 257,109 | 249,932 | 7,177 | 5.6 | 56% |
| 2020 | 89,033 | 132,477 | −43,444 | 6.7 | 48% |
| 2021 | 105,726 | 126,809 | −21,083 | 5.0 | 48% |
| 2022 | 171,254 | 192,043 | −20,789 | 2.0 | 56% |
| 2023 | 225,824 | 280,252 | −54,428 | -1.0 | 56% |
In its most recent public year (2023), this organization spent $54,428 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-1 months), down from 2.2 in 2014. Staff pay was 56% 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 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
Hostel Detroit'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