Detroit Auto Dealers Associationeducation Foundation Inc

Analysis

Detroit Auto Dealers Associationeducation Foundation Inc is a registered charity in United States, based in Troy, MI. It received its IRS tax-exemption ruling in March 2007, 19 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Detroit Auto Dealers Associationeducation Foundation Inc reported income of $221k and spending of $601k, spending 272% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $3.0m to $221k (-93%), an average of -93% a year. The sharpest change came in the year to December 2023, when income dropped by 93%. Over the whole period it spent 29% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Detroit Auto Dealers Associationeducation Foundation Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 55th percentile within MI. Charities of a similar size with the same main cause include Daffodilians Inc ($221k), Flight Foundation ($221k) and Dallas Redhawks Baseball Club ($221k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% of the total. At year end it held assets of $2.6m against liabilities of $240k, net assets of $2.4m.