Detroit Regional LGBT Chamber Fund Inc

Analysis

Detroit Regional LGBT Chamber Fund Inc is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in August 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 Regional LGBT Chamber Fund Inc reported income of $62k and spending of $35k, leaving 44% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $61k to $62k (+0.4%), an average of +0.4% a year. Over the whole period it spent 63% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Detroit Regional LGBT Chamber Fund Inc sits at the 25th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 23rd percentile within MI. Charities of a similar size with the same main cause include Historic Irvington Community Council Inc ($62k), Acadia Capital Management LLC ($62k) and Love Makes Cent Inc ($62k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 143% of the total. At year end it held assets of $83k against liabilities of $100, net assets of $83k.