Detroit Association of Black Organizations Dabo Inc

Analysis

Detroit Association of Black Organizations Dabo Inc is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in February 2016, 10 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 December 2023, Detroit Association of Black Organizations Dabo Inc reported income of $4.5m and spending of $4.0m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $559k to $4.5m (+701%), an average of +68% a year. The sharpest change came in the year to December 2022, when income rose by 132%. Over the whole period it spent 92% 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 Association of Black Organizations Dabo Inc 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 91st percentile, and in the 92nd percentile within MI. Charities of a similar size with the same main cause include Vital Services Inc ($4.5m), Barton Institute for Community Action ($4.5m) and Friends of San Lucas ($4.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 0.2% of the total. Other salaries and wages came to $179k. At year end it held assets of $1.5m against liabilities of $499k, net assets of $965k. It reported 6 employees.