Hazel Park Promise Zone Authority

Analysis

Hazel Park Promise Zone Authority is a registered charity in United States, based in Hazel Park, MI. It received its IRS tax-exemption ruling in March 2011, 15 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, Hazel Park Promise Zone Authority reported income of $813k and spending of $346k, leaving 57% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $240k to $813k (+238%), an average of +36% a year. The sharpest change came in the year to December 2020, when income rose by 76%. Over the whole period it spent 59% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hazel Park Promise Zone Authority sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within MI. Charities of a similar size with the same main cause include You and Me Academy ($813k), Minndependent ($813k) and Roots Community Inc ($813k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $68k (20% of expenses). Other salaries and wages came to $64k. At year end it held assets of $1.6m against liabilities of $14k, net assets of $1.6m. It reported 2 employees.