Dearborn Community Fund

Analysis

Dearborn Community Fund is a registered charity in United States, based in Dearborn, MI. It received its IRS tax-exemption ruling in April 2000, 26 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 (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, Dearborn Community Fund reported income of $94k and spending of $95k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $52k to $94k (+79%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 353%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Dearborn Community Fund sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 35th percentile within MI. Charities of a similar size with the same main cause include Millard West Dance Team Inc ($94k), Clarkston Village Players ($94k) and Foundation for Information Technology Education ($94k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.3% and program service revenue 89% of the total. Other salaries and wages came to $24k. At year end it held assets of $390k against liabilities of $35k, net assets of $355k. It reported 2 employees.