Detroit Area Pre College Engineering Program Inc

Analysis

Detroit Area Pre College Engineering Program Inc is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in September 1983, 43 years ago. 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 December 2023, Detroit Area Pre College Engineering Program Inc reported income of $2.5m and spending of $2.4m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $2.5m (+65%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 67%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Detroit Area Pre College Engineering Program Inc sits at the 87th percentile: it is larger than about 87% 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 Multi-Community Care and Homes Inc ($2.5m), Besa Community Inc ($2.5m) and Brownstone School and Daycare Center Inc ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $199k (8.1% of expenses). Other salaries and wages came to $586k. At year end it held assets of $1.7m against liabilities of $483k, net assets of $1.2m. It reported 10 employees.