Metro Detroit Barber College

Analysis

Metro Detroit Barber College is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in April 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Metro Detroit Barber College reported income of $268k and spending of $348k, spending 130% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $212k to $268k (+26%), an average of +8.1% a year. The sharpest change came in the year to December 2021, when income rose by 84%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Metro Detroit Barber College sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 59th percentile within MI. Charities of a similar size with the same main cause include Masoc Inc ($268k), Wayland Public Schools Parent Teacher Organization Inc ($268k) and 100-Aker-Wood ($268k).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $32k (9.1% of expenses). At year end it held assets of $390k against liabilities of $346k, net assets of $44k. It reported 7 employees.