Eight Mile Boulevard Association Inc

Analysis

Eight Mile Boulevard Association Inc is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in June 2023, 3 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic 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 June 2024, Eight Mile Boulevard Association Inc reported income of $80k and spending of $92k, spending 115% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $157k to $80k (-49%), an average of -13% a year. The sharpest change came in the year to June 2022, when income rose by 47%. Over the whole period it spent 90% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Eight Mile Boulevard Association Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 30th percentile within MI. Charities of a similar size with the same main cause include Downtown Danville Inc ($80k), East Baltimore Historical Library ($80k) and First Jamaica Community and Urban Development Corporation ($80k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 24% of the total. At year end it held assets of $99k against liabilities of $0, net assets of $99k.