Historic Elmwood Foundation

Analysis

Historic Elmwood Foundation is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in March 2007, 19 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Historic Elmwood Foundation reported income of $109k and spending of $139k, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $142k to $109k (-23%), an average of -6.4% a year. The sharpest change came in the year to December 2021, when income rose by 137%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Historic Elmwood Foundation sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 39th percentile within MI. Charities of a similar size with the same main cause include Artwise ($109k), Ikenobo Ikebana Society of Los Angeles Chapter ($110k) and Childrens Music Network Inc ($109k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $463k against liabilities of $0, net assets of $463k.