Detroit Parent Network

Analysis

Detroit Parent Network is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in July 2003, 23 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2022, Detroit Parent Network reported income of $987k and spending of $893k, spending 90% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $411k to $987k (+140%), an average of +34% a year. The sharpest change came in the year to December 2021, when income rose by 90%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Detroit Parent Network sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within MI. Charities of a similar size with the same main cause include Knox County Agricultural Society Inc ($987k), Transgender Advocates for Justice and Accountability Tajas Coalition ($987k) and Heart of America Indian Center ($987k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 99% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $117k (13% of expenses). Other salaries and wages came to $80k. At year end it held assets of $1.1m against liabilities of $300k, net assets of $823k. It reported 19 employees.