Detroit Auto Dealers Association Charity Preview

Analysis

Detroit Auto Dealers Association Charity Preview is a registered charity in United States, based in Troy, MI. It received its IRS tax-exemption ruling in November 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2023, Detroit Auto Dealers Association Charity Preview reported income of $2.3m and spending of $2.3m, spending 101% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $16k to $2.3m (+14245%), an average of +424% a year. The sharpest change came in the year to June 2022, when income rose by 5146%. Over the whole period it spent 108% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Detroit Auto Dealers Association Charity Preview sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within MI. Charities of a similar size with the same main cause include Dorchester Seniors Inc ($2.3m), Asian Rehabilitation Service Incorporated ($2.3m) and Taskforce Fore Ending Homelessness Inc ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.9% of the total. At year end it held assets of $622k against liabilities of $96k, net assets of $527k.

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.