Belle Isle Conservancy

Analysis

Belle Isle Conservancy is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in February 1974, 52 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic 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 December 2023, Belle Isle Conservancy reported income of $3.0m and spending of $2.3m, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.6m to $3.0m (-16%), an average of -4.3% a year. The sharpest change came in the year to December 2022, when income rose by 84%. Over the whole period it spent 104% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Belle Isle Conservancy sits at the 88th percentile: it is larger than about 88% 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 Eastern Oregon Workforce Investment Board ($3.0m), Capital Area Asset Building Corporation ($3.0m) and Queens Economic Development Corporation ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% of the total. Other salaries and wages came to $1.3m. At year end it held assets of $4.3m against liabilities of $440k, net assets of $3.9m. It reported 16 employees.