Jain Society of Greater Detroit Inc

Analysis

Jain Society of Greater Detroit Inc is a registered charity in United States, based in Farmingtn HLS, MI. It received its IRS tax-exemption ruling in September 1981, 45 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Jain Society of Greater Detroit Inc reported income of $855k and spending of $666k, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $408k to $855k (+110%), an average of +20% a year. The sharpest change came in the year to December 2021, when income rose by 163%. Over the whole period it spent 99% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Jain Society of Greater Detroit Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within MI. Charities of a similar size with the same main cause include Christian Service Brigade ($855k), The Yielded Evangelical Servants Inc ($855k) and The Maryland Jewish Experience Inc ($854k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. Other salaries and wages came to $24k. At year end it held assets of $5.1m against liabilities of $1,020, net assets of $5.1m. It reported 1 employees.