Citizendetroit Action Group

Analysis

Citizendetroit Action Group is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in April 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 (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 2020, Citizendetroit Action Group reported income of $158k and spending of $522k, spending 330% of what it took in. Across the 2 years on record, from December 2019 to December 2020, income fell from $809k to $158k (-80%), an average of -80% a year. The sharpest change came in the year to December 2020, when income dropped by 80%. Over the whole period it spent 143% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Citizendetroit Action Group sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 48th percentile within MI. Charities of a similar size with the same main cause include Rockford Area Strategic Initiatives ($158k), Africian American Men of Westchester Inc ($159k) and Ncif NFP Inc ($158k).

On its Form 990 for the period ending December 2020, revenue came from contributions and grants 88% and program service revenue 8.6% of the total. Compensation of current officers, directors and key employees was $60k (11% of expenses). Other salaries and wages came to $90k. At year end it held assets of $130k against liabilities of $6,914, net assets of $123k. It reported 4 employees.