Gildas Club-Metro Detroit

Analysis

Gildas Club-Metro Detroit is a registered charity in United States, based in Royal Oak, MI. It received its IRS tax-exemption ruling in July 1994, 32 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, Gildas Club-Metro Detroit reported income of $1.5m and spending of $1.7m, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.5m (+22%), an average of +5.1% a year. The sharpest change came in the year to December 2022, when income rose by 85%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Gildas Club-Metro Detroit 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 84th percentile, and in the 84th percentile within MI. Charities of a similar size with the same main cause include Illinois Music Educators Assn ($1.5m), Congress for the New Urbanism ($1.5m) and Alliance for Middle East Peace Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% of the total. Compensation of current officers, directors and key employees was $100 (0.0% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $2.7m against liabilities of $68k, net assets of $2.6m. It reported 21 employees.