Detroit Public Schools Foundation

Analysis

Detroit Public Schools Foundation is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in April 2003, 23 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 June 2023, Detroit Public Schools Foundation reported income of $4.2m and spending of $3.1m, leaving 28% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $5.1m to $4.2m (-17%), an average of -4.4% a year. The sharpest change came in the year to June 2020, when income rose by 229%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Detroit Public Schools Foundation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within MI. Charities of a similar size with the same main cause include Norwalk Community College Foundation ($4.2m), Ku Center for Technology Commercialization Inc ($4.2m) and Ilead Agua Dulce ($4.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% and program service revenue 5.6% of the total. Other salaries and wages came to $434k. At year end it held assets of $6.3m against liabilities of $469k, net assets of $5.8m. It reported 9 employees.