Ilitch Charities Inc

Analysis

Ilitch Charities Inc is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in December 2003, 23 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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, Ilitch Charities Inc reported income of $3.4m and spending of $2.6m, leaving 22% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $2.6m to $3.4m (+31%), an average of +5.6% a year. The sharpest change came in the year to December 2021, when income rose by 103%. Over the whole period it spent 91% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Ilitch Charities Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within MI. Charities of a similar size with the same main cause include Cafe Momentum ($3.4m), Boys & Girls Club of Valdosta Inc ($3.4m) and Boys & Girls Clubs of Annapolis & Anne Arundel County Inc ($3.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% of the total. Other salaries and wages came to $586k. At year end it held assets of $12.0m against liabilities of $1.4m, net assets of $10.5m.