Detroit Riverfront Conservancy Inc

Analysis

Detroit Riverfront Conservancy Inc is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in February 2003, 23 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 Riverfront Conservancy Inc reported income of $52.1m and spending of $16.9m, leaving 67% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $31.4m to $52.1m (+66%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 108%. Over the whole period it spent 44% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Detroit Riverfront Conservancy Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MI. Charities of a similar size with the same main cause include African Parks Foundation of America ($51.6m), Bonnet Springs Park Inc ($52.4m) and National Forest Foundation ($51.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $648k (3.8% of expenses). Other salaries and wages came to $1.3m. It paid $567k in professional fundraising fees. At year end it held assets of $213.2m against liabilities of $7.8m, net assets of $205.4m. It reported 22 employees.