Redford Brightmoor Initiative

Analysis

Redford Brightmoor Initiative is a registered charity in United States, based in Redford, MI. It received its IRS tax-exemption ruling in February 2013, 13 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Redford Brightmoor Initiative reported income of $170k and spending of $141k, spending 83% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $151k to $170k (+13%), an average of +6.2% a year. The sharpest change came in the year to December 2023, when income rose by 65%. Over the whole period it spent 93% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Redford Brightmoor Initiative sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 49th percentile within MI. Charities of a similar size with the same main cause include Gertrude Wood Community Foundation ($170k), Delaware Community Development Corporation ($170k) and Huntingburg Event & Community Center Inc ($170k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $126k against liabilities of $0, net assets of $126k.