Black Leaders Detroit

Analysis

Black Leaders Detroit is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in September 2019, 7 years ago. Its declared purposes cover employment, 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, Black Leaders Detroit reported income of $2.1m and spending of $1.3m, leaving 38% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $336k to $2.1m (+521%), an average of +84% a year. The sharpest change came in the year to December 2021, when income rose by 143%. Over the whole period it spent 63% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Black Leaders Detroit sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within MI. Charities of a similar size with the same main cause include Technology for Rural Enhancement of Communities ($2.1m), Scott County Partnership Inc ($2.1m) and Local 57 Operating Engineers Apprenticeship & Skill Improvement ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $449k. At year end it held assets of $1.8m against liabilities of $127k, net assets of $1.7m. It reported 7 employees.