Architectural Salvage Warehouse of Detroit

Analysis

Architectural Salvage Warehouse of Detroit is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in August 2004, 22 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Architectural Salvage Warehouse of Detroit reported income of $328k and spending of $370k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $556k to $328k (-41%), an average of -12% a year. The sharpest change came in the year to December 2021, when income rose by 77%. Over the whole period it spent 86% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Architectural Salvage Warehouse of Detroit sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within MI. Charities of a similar size with the same main cause include Mid-Peninsula Coastside Inc ($328k), Kings Compassion ($328k) and Steadfast - Standing Firm Against Youth Homelessness ($328k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.1% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $75k (20% of expenses). Other salaries and wages came to $132k. At year end it held assets of $195k against liabilities of $211k, net assets of -$16k. It reported 10 employees.