Detroit Blight Busters Inc

Analysis

Detroit Blight Busters 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 community improvement and capacity building, which this site groups under community and economic development. 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 Blight Busters Inc reported income of $940k and spending of $425k, leaving 55% of income unspent that year. Across the 5 years on record, from December 2018 to December 2023, income grew from $249k to $940k (+278%), an average of +39% a year. The sharpest change came in the year to December 2023, when income rose by 120%. Over the whole period it spent 76% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Detroit Blight Busters Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within MI. Charities of a similar size with the same main cause include Bradford County Action Inc ($940k), Dallas Innovation Alliance ($940k) and Farmers Market Coalition ($939k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% of the total. Compensation of current officers, directors and key employees was $169k (40% of expenses). At year end it held assets of $1.3m against liabilities of $307k, net assets of $1.0m. It reported 2 employees.