Friends of Chesterton Academy of Detroit

Analysis

Friends of Chesterton Academy of Detroit is a registered charity in United States, based in Clinton TWP, MI. It received its IRS tax-exemption ruling in March 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Friends of Chesterton Academy of Detroit reported income of $381k and spending of $441k, spending 116% of what it took in. Across the 3 years on record, from June 2021 to June 2023, income grew from $298k to $381k (+28%), an average of +13% a year. The sharpest change came in the year to June 2022, when income rose by 40%. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Chesterton Academy of Detroit sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within MI. Charities of a similar size with the same main cause include Cobimet Inc ($381k), Camden Public Library Fund ($381k) and Little Wings Christian Learning Center Inc ($381k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 59% and program service revenue 36% of the total. Other salaries and wages came to $286k. At year end it held assets of $22k against liabilities of $15k, net assets of $7,003. It reported 16 employees.