Detroit Hives Inc

Analysis

Detroit Hives Inc is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in September 2016, 10 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 2022, Detroit Hives Inc reported income of $316k and spending of $363k, spending 115% of what it took in. Across the 3 years on record, from December 2020 to December 2022, income grew from $232k to $316k (+36%), an average of +17% a year. The sharpest change came in the year to December 2022, when income rose by 20%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Detroit Hives Inc sits at the 61st percentile: it is larger than about 61% 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 Washtenaw Area Council for Children ($316k), United Community Center of Westchester ($316k) and Phi Kappa Sigma Educational Fund Inc ($316k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 102% of the total. Other salaries and wages came to $88k. At year end it held assets of $382k against liabilities of $0, net assets of $382k.