Iba Detroit Community Development Corporation

Analysis

Iba Detroit Community Development Corporation is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in November 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, Iba Detroit Community Development Corporation reported income of $115k and spending of $97k, spending 85% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $113k to $115k (+1.0%), an average of +1.0% a year. Over the whole period it spent 77% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Iba Detroit Community Development Corporation sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 40th percentile within MI. Charities of a similar size with the same main cause include Bunker Hill Industrial Park Special Improvement District MGT Corp ($115k), Maricopa Economic Development Alliance ($115k) and International Association of Workforce Professionals ($115k).

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 $64k against liabilities of $0, net assets of $64k.