Detroit Red Wings Alumni Association Inc

Analysis

Detroit Red Wings Alumni Association Inc is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in July 2006, 20 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Detroit Red Wings Alumni Association Inc reported income of $185k and spending of $242k, spending 131% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $128k to $185k (+44%), an average of +9.6% a year. The sharpest change came in the year to June 2021, when income dropped by 116%. Over the whole period it spent 130% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Detroit Red Wings Alumni Association Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 51st percentile within MI. Charities of a similar size with the same main cause include McMinnville Area Community Foundation ($185k), Friends of Suenos ($185k) and Uplift ($185k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 101% of the total. Compensation of current officers, directors and key employees was $19k (7.9% of expenses). At year end it held assets of $236k against liabilities of $15k, net assets of $221k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.