Downtown Detroit Partnership Inc

Analysis

Downtown Detroit Partnership Inc is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in December 1998, 28 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 December 2023, Downtown Detroit Partnership Inc reported income of $10.1m and spending of $8.3m, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.0m to $10.1m (+152%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 103%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Downtown Detroit Partnership Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within MI. Charities of a similar size with the same main cause include Jamaica Plain Neighborhood Development Corporation ($10.0m), Living Opportunities Inc ($10.1m) and Initiative Foundation ($10.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $737k (8.9% of expenses). Other salaries and wages came to $837k. At year end it held assets of $7.5m against liabilities of $4.4m, net assets of $3.1m.