Little Scholars of Detroit

Analysis

Little Scholars of Detroit is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in September 2003, 23 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, Little Scholars of Detroit reported income of $1.3m and spending of $1.6m, spending 118% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $2.3m to $1.3m (-42%), an average of -10% a year. The sharpest change came in the year to December 2022, when income rose by 52%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Little Scholars of Detroit sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within MI. Charities of a similar size with the same main cause include Lorenes Place II ($1.3m), Kash Foundation Inc ($1.3m) and Neighbors Nourishing Neighbors ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $162k (10% of expenses). At year end it held assets of $823k against liabilities of $722k, net assets of $101k. It reported 86 employees.