Detroit Fitness Foundation

Analysis

Detroit Fitness Foundation is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in April 2019, 7 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Detroit Fitness Foundation reported income of $1.5m and spending of $1.0m, leaving 34% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.8m to $1.5m (-17%), an average of -4.7% a year. The sharpest change came in the year to December 2021, when income rose by 42%. Over the whole period it spent 69% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Detroit Fitness Foundation 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 84th percentile, and in the 84th percentile within MI. Charities of a similar size with the same main cause include 4atx Foundation ($1.5m), Shift Events ($1.5m) and Barrington Area Soccer Association Ltd ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 9.9% of the total. Compensation of current officers, directors and key employees was $125k (12% of expenses). Other salaries and wages came to $194k. At year end it held assets of $3.3m against liabilities of $1.5m, net assets of $1.9m. It reported 10 employees.