Impact 100 Detroit

Analysis

Impact 100 Detroit is a registered charity in United States, based in Birmingham, MI. It received its IRS tax-exemption ruling in August 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 May 2024, Impact 100 Detroit reported income of $248k and spending of $369k, spending 149% of what it took in. Across the 6 years on record, from December 2019 to May 2024, income fell from $257k to $248k (-3.7%), an average of -0.7% a year. The sharpest change came in the year to May 2023, when income rose by 123%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Impact 100 Detroit sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 58th percentile within MI. Charities of a similar size with the same main cause include St Joseph Conference Lincoln Society of St Vincent de Paul ($248k), The Nest Fund Inc ($248k) and Ossipee Valley Agricultural Society ($248k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 98% of the total. At year end it held assets of $263k against liabilities of $0, net assets of $263k.