Detroit Regional Partnership Foundation

Analysis

Detroit Regional Partnership Foundation is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in June 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 (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 2023, Detroit Regional Partnership Foundation reported income of $4.2m and spending of $7.2m, spending 171% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.9m to $4.2m (-15%), an average of -4.0% a year. The sharpest change came in the year to December 2021, when income rose by 84%. 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, Detroit Regional Partnership Foundation sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within MI. Charities of a similar size with the same main cause include Search Institute ($4.2m), Pennsylvania State Association of County Fairs ($4.2m) and The Youngstown Edison Incubator Corporation ($4.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $1.2m (16% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $5.1m against liabilities of $1.2m, net assets of $3.9m. It reported 35 employees.