Detroit Pistons Foundation

Analysis

Detroit Pistons Foundation is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in August 2017, 9 years ago. 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 June 2023, Detroit Pistons Foundation reported income of $578k and spending of $404k, leaving 30% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $931k to $578k (-38%), an average of -11% a year. The sharpest change came in the year to June 2020, when income rose by 40%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Detroit Pistons Foundation sits at the 71st percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within MI. Charities of a similar size with the same main cause include Duncannon Emergency Medical Services Inc ($578k), Society for the Preservation of Greek Housing ($578k) and Scare Crew Productions Inc ($578k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% of the total. At year end it held assets of $1.2m against liabilities of $290k, net assets of $945k.