Detroit 300 Conservancy

Analysis

Detroit 300 Conservancy is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in January 2002, 24 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Detroit 300 Conservancy reported income of $6.5m and spending of $7.8m, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $6.6m to $6.5m (-2.5%), an average of -0.6% a year. The sharpest change came in the year to December 2023, when income rose by 33%. Over the whole period it spent 115% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Detroit 300 Conservancy sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within MI. Charities of a similar size with the same main cause include Norfolk Festevents Ltd ($6.4m), Fort Hays State Athletic Association ($6.5m) and Fort Wilderness Ministries Incorporated ($6.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $162k (2.1% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $4.0m against liabilities of $2.8m, net assets of $1.2m.

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.