Ser-Metro-Detroit Jobs for Progress Inc

Analysis

Ser-Metro-Detroit Jobs for Progress Inc is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in June 1987, 39 years ago. Its declared purposes cover employment, 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 June 2023, Ser-Metro-Detroit Jobs for Progress Inc reported income of $6.1m and spending of $5.2m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $8.8m to $6.1m (-31%), an average of -8.8% a year. The sharpest change came in the year to June 2020, when income dropped by 46%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Ser-Metro-Detroit Jobs for Progress Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within MI. Charities of a similar size with the same main cause include Sinai Community Institute Inc ($6.1m), Generous Life Foundation ($6.1m) and Movement Voter Fund ($6.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 102% of the total. Compensation of current officers, directors and key employees was $93k (1.8% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $26.4m against liabilities of $23.5m, net assets of $2.8m. It reported 794 employees.