Friends Of@duvdevan

Analysis

Friends Of@duvdevan is a registered charity in United States, based in Farmington Hills, MI. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Friends Of@duvdevan reported income of $1.8m and spending of $1.9m, spending 105% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $384k to $1.8m (+369%), an average of +116% a year. The sharpest change came in the year to December 2023, when income rose by 227%. Over the whole period it spent 97% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Friends Of@duvdevan sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within MI. Charities of a similar size with the same main cause include Shenandoah Community Foundation Inc ($1.8m), Tamar and Jonathan Koschitzky Family Foundation ($1.8m) and US Mexico Foundation ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $132k against liabilities of $0, net assets of $132k.