Southeast Michigan Enterprises Inc

Analysis

Southeast Michigan Enterprises Inc is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in October 2018, 8 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Southeast Michigan Enterprises Inc reported income of $270k and spending of $235k, spending 87% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $235k to $270k (+15%), an average of +3.5% a year. Over the whole period it spent 86% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Southeast Michigan Enterprises Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within MI. Charities of a similar size with the same main cause include Connersville Urban Enterprise Association Inc ($270k), Bishops Creek Community Development Corporation ($270k) and Friends of Global Market Inc ($270k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $867k against liabilities of $415k, net assets of $452k.