Detroit Impact Inc

Analysis

Detroit Impact Inc is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in October 1992, 34 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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 December 2023, Detroit Impact Inc reported income of $236k and spending of $243k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $114k to $236k (+107%), an average of +20% a year. The sharpest change came in the year to December 2022, when income rose by 140%. Over the whole period it spent 101% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Detroit Impact Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 57th percentile within MI. Charities of a similar size with the same main cause include Springdale Sox Basebal ($236k), Guatemalan Educational Outreach Inc ($236k) and Mujeres Aliadas ($236k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $17k against liabilities of $5,933, net assets of $12k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.