Health Centers Detroit Foundation Inc

Analysis

Health Centers Detroit Foundation Inc is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in August 2005, 21 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Health Centers Detroit Foundation Inc reported income of $7.7m and spending of $7.3m, spending 95% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $4.0m to $7.7m (+95%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 55%. Over the whole period it spent 90% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Health Centers Detroit Foundation Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within MI. Charities of a similar size with the same main cause include East Los Angeles Womens Center ($7.7m), Make-A-Wish Foundation of Central and Northern Florida Inc ($7.7m) and Hudson Vista Physician Services PC ($7.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 61% of the total. Other salaries and wages came to $2.3m. At year end it held assets of $7.7m against liabilities of $230k, net assets of $7.5m. It reported 36 employees.