Tour de Troit

Analysis

Tour de Troit is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in August 2013, 13 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Tour de Troit reported income of $220k and spending of $310k, spending 141% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $387k to $220k (-43%), an average of -11% a year. The sharpest change came in the year to December 2022, when income rose by 53%. Over the whole period it spent 122% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Tour de Troit sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 55th percentile within MI. Charities of a similar size with the same main cause include Oregon Education Association Foundation ($220k), Brookline Library Foundation Inc ($221k) and Shvilim Org ($220k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.9% and program service revenue 91% of the total. Other salaries and wages came to $80k. At year end it held assets of $18k against liabilities of $150k, net assets of -$132k. It reported 6 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.