Detroit Horse Power

Analysis

Detroit Horse Power is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in April 2015, 11 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Detroit Horse Power reported income of $3.7m and spending of $723k, leaving 80% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $313k to $3.7m (+1069%), an average of +85% a year. The sharpest change came in the year to December 2022, when income rose by 93%. Over the whole period it spent 31% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Detroit Horse Power sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within MI. Charities of a similar size with the same main cause include Boy Scouts of America ($3.7m), Boys & Girls Club of Albany ($3.7m) and Thrive with Autism ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $80k (11% of expenses). Other salaries and wages came to $287k. At year end it held assets of $5.6m against liabilities of $33k, net assets of $5.5m. It reported 10 employees.