Detroit Sound Conservancy

Analysis

Detroit Sound Conservancy is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in February 2015, 11 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 Sound Conservancy reported income of $366k and spending of $137k, leaving 62% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $460k to $366k (-21%), an average of -20% a year. The sharpest change came in the year to December 2023, when income dropped by 21%. Over the whole period it spent 33% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Detroit Sound Conservancy sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within MI. Charities of a similar size with the same main cause include 152 Commonwealth Foundation Inc ($366k), American Society of Preventive Oncology Inc ($366k) and Prime Stage ($365k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 7.2% of the total. Compensation of current officers, directors and key employees was $54k (39% of expenses). At year end it held assets of $932k against liabilities of $1,814, net assets of $930k.