Detroit Childrens Fund

Analysis

Detroit Childrens Fund is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in November 2013, 13 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2023, Detroit Childrens Fund reported income of $4.6m and spending of $4.2m, spending 93% of its income. Across the 5 years on record, from December 2019 to June 2023, income fell from $5.8m to $4.6m (-21%), an average of -5.8% a year. The sharpest change came in the year to June 2021, when income rose by 43%. Over the whole period it spent 102% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Detroit Childrens Fund sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within MI. Charities of a similar size with the same main cause include Weld Community Foundation ($4.5m), Nevada Volunteers ($4.6m) and Unity Foundation of Laporte County Inc ($4.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 106% of the total. Compensation of current officers, directors and key employees was $437k (10% of expenses). Other salaries and wages came to $334k. At year end it held assets of $4.4m against liabilities of $128k, net assets of $4.2m. It reported 8 employees.