Detroit Food & Entrepreneurship Academy

Analysis

Detroit Food & Entrepreneurship Academy 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, Detroit Food & Entrepreneurship Academy reported income of $904k and spending of $982k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $772k to $904k (+17%), an average of +4.0% a year. The sharpest change came in the year to December 2022, when income rose by 49%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Detroit Food & Entrepreneurship Academy sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within MI. Charities of a similar size with the same main cause include Arizona Business & Education Coalition ($904k), Will Motivation Inc ($904k) and Willows Christian Child Care Center Inc ($904k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $128k (13% of expenses). Other salaries and wages came to $419k. At year end it held assets of $1.7m against liabilities of $57k, net assets of $1.6m. It reported 24 employees.