Global Detroit

Analysis

Global Detroit is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in March 2013, 13 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, Global Detroit reported income of $3.9m and spending of $3.6m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.6m to $3.9m (+50%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 51%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Global Detroit sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within MI. Charities of a similar size with the same main cause include Greenwich Town Party Inc ($3.9m), Homeless Network of Texas ($3.9m) and Pottawattamie County Development Corporation ($3.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 0.0% of the total. Other salaries and wages came to $1.4m. At year end it held assets of $2.3m against liabilities of $1.0m, net assets of $1.3m. It reported 21 employees.