S a Y Detroit

Analysis

S a Y Detroit is a registered charity in United States, based in Southfield, MI. It received its IRS tax-exemption ruling in August 2010, 16 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 2022, S a Y Detroit reported income of $2.9m and spending of $3.2m, spending 113% of what it took in. Across the 5 years on record, from December 2018 to December 2022, income grew from $1.7m to $2.9m (+68%), an average of +14% a year. The sharpest change came in the year to December 2020, when income rose by 52%. Over the whole period it spent 76% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, S a Y Detroit sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within MI. Charities of a similar size with the same main cause include Selfhelp Realty Group Inc ($2.9m), Ramp Housing Inc ($2.9m) and Maryland Center for Veterans Education and Training Inc ($2.9m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 96% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $9.8m against liabilities of $180k, net assets of $9.6m.