Tri-City Community Development Corporation

Analysis

Tri-City Community Development Corporation is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in October 2018, 8 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 December 2023, Tri-City Community Development Corporation reported income of $326k and spending of $357k, spending 109% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $573k to $326k (-43%), an average of -25% a year. The sharpest change came in the year to December 2022, when income dropped by 36%. Over the whole period it spent 45% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Tri-City Community Development Corporation sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within MI. Charities of a similar size with the same main cause include Jeep Sullivans Outdoor Adventures Inc ($326k), Cycling Without Age Inc ($326k) and Villages NW - Metro ($326k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 6.4% of the total. At year end it held assets of $710k against liabilities of $0, net assets of $710k.