Detroit Chesed Project

Analysis

Detroit Chesed Project is a registered charity in United States, based in Southfield, MI. It received its IRS tax-exemption ruling in January 2017, 9 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 December 2023, Detroit Chesed Project reported income of $1.3m and spending of $1.3m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $311k to $1.3m (+334%), an average of +44% a year. The sharpest change came in the year to December 2020, when income rose by 119%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Detroit Chesed Project sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within MI. Charities of a similar size with the same main cause include Be Strong Families NFP ($1.3m), Yellow Brick Road Early Learning Center Inc ($1.3m) and Society of St Vincent de Paul National Stores ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 102% of the total. At year end it held assets of $781k against liabilities of $411k, net assets of $370k.