Travelers Aid Society of Metropolitan Detroit

Analysis

Travelers Aid Society of Metropolitan Detroit is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in August 1934, 92 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 June 2023, Travelers Aid Society of Metropolitan Detroit reported income of $2.6m and spending of $2.4m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.6m to $2.6m (-1.6%), an average of -0.4% a year. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Travelers Aid Society of Metropolitan Detroit sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within MI. Charities of a similar size with the same main cause include South Mountain YMCA ($2.6m), Domestic Abuse Services Inc ($2.6m) and Young Womens Service Association of Seattle-King County ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $163k (6.8% of expenses). Other salaries and wages came to $347k. At year end it held assets of $2.0m against liabilities of $1.0m, net assets of $920k. It reported 14 employees.