Detroit Jewish News Foundation Inc

Analysis

Detroit Jewish News Foundation Inc is a registered charity in United States, based in Bloomfld HLS, MI. It received its IRS tax-exemption ruling in July 2011, 15 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Detroit Jewish News Foundation Inc reported income of $1.5m and spending of $1.7m, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $304k to $1.5m (+393%), an average of +49% a year. The sharpest change came in the year to December 2020, when income rose by 312%. Over the whole period it spent 107% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Detroit Jewish News Foundation Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within MI. Charities of a similar size with the same main cause include Western Antique Aeroplane Andautomobile Museum ($1.5m), Liederkranz Foundation Inc ($1.5m) and Encore Musical Theatre Company ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 2.4% of the total. Compensation of current officers, directors and key employees was $112k (6.5% of expenses). Other salaries and wages came to $747k. At year end it held assets of $656k against liabilities of $219k, net assets of $437k. It reported 15 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.