Better Way Detroit

Analysis

Better Way Detroit is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in April 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Better Way Detroit reported income of $186k and spending of $173k, spending 93% of its income. Across the 3 years on record, from December 2020 to December 2023, income fell from $240k to $186k (-23%), an average of -12% a year. The sharpest change came in the year to December 2023, when income rose by 219%. Over the whole period it spent 71% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Better Way Detroit sits at the 47th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 51st percentile within MI. Charities of a similar size with the same main cause include Grower-Shipper Association Foundation ($186k), Youth and Family Advocacy Services ($186k) and Connect Community ($185k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $190k against liabilities of $0, net assets of $190k.