Detroit Recovery Project

Analysis

Detroit Recovery Project is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in September 2012, 14 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 September 2023, Detroit Recovery Project reported income of $7.1m and spending of $6.2m, spending 87% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $3.8m to $7.1m (+88%), an average of +17% a year. The sharpest change came in the year to September 2021, when income dropped by 100%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Detroit Recovery Project sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within MI. Charities of a similar size with the same main cause include Denton County Friends of the Family Inc ($7.1m), Family Rescue ($7.1m) and Bridgeport Rescue Mission Inc ($7.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 93% and program service revenue 6.1% of the total. Compensation of current officers, directors and key employees was $339k (5.5% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $3.8m against liabilities of $1.2m, net assets of $2.6m. It reported 63 employees.