Detroit Institute for Children

Analysis

Detroit Institute for Children is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in June 2016, 10 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 August 2023, Detroit Institute for Children reported income of $4.8m and spending of $5.2m, spending 109% of what it took in. Across the 6 years on record, from June 2019 to August 2023, income grew from $4.3m to $4.8m (+12%), an average of +2.3% a year. The sharpest change came in the year to August 2021, when income rose by 3463%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Detroit Institute for Children sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within MI. Charities of a similar size with the same main cause include Battenkill Valley Health Center Inc ($4.8m), Los Ninos Hospital Inc ($4.8m) and Mercy Medical Angels ($4.8m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 12% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $294k (5.7% of expenses). At year end it held assets of $2.0m against liabilities of $171k, net assets of $1.8m. It reported 99 employees.