The Engineering Society of Detroit

Analysis

The Engineering Society of Detroit is a registered charity in United States, based in Southfield, MI. It received its IRS tax-exemption ruling in October 1988, 38 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, The Engineering Society of Detroit reported income of $2.2m and spending of $2.2m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.0m to $2.2m (+11%), an average of +2.7% a year. The sharpest change came in the year to June 2022, when income rose by 33%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Engineering Society of Detroit sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within MI. Charities of a similar size with the same main cause include Ballet Rhode Island ($2.2m), Portland Ovations ($2.2m) and National Museum of Gospel Music ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 41% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $226k (10% of expenses). Other salaries and wages came to $522k. At year end it held assets of $5.3m against liabilities of $1.7m, net assets of $3.6m. It reported 39 employees.