Beat the Streets Detroit Inc

Analysis

Beat the Streets Detroit Inc is a registered charity in United States, based in Novi, MI. It received its IRS tax-exemption ruling in March 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Beat the Streets Detroit Inc reported income of $367k and spending of $171k, leaving 53% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $118k to $367k (+211%), an average of +33% a year. The sharpest change came in the year to December 2022, when income rose by 310%. Over the whole period it spent 56% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Beat the Streets Detroit Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within MI. Charities of a similar size with the same main cause include Wheaton Academy Institute ($367k), Circadium ($368k) and Foundation for Building ($367k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% of the total. Compensation of current officers, directors and key employees was $31k (18% of expenses). Other salaries and wages came to $34k. At year end it held assets of $350k against liabilities of $2,376, net assets of $348k.