Detroit Change Initiative

Analysis

Detroit Change Initiative is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in September 2019, 7 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 December 2023, Detroit Change Initiative reported income of $174k and spending of $174k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $409k to $174k (-58%), an average of -58% a year. The sharpest change came in the year to December 2023, when income dropped by 58%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Detroit Change Initiative sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 50th percentile within MI. Charities of a similar size with the same main cause include Gia Community Development Corporation ($174k), Morris Park Community Association Inc ($174k) and Carthage Industrial Development Corporation ($174k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $51k. At year end it held assets of $174k against liabilities of $174k, net assets of $0.