Faithfully Organizing Resources for Community Empowerment Detroit

Analysis

Faithfully Organizing Resources for Community Empowerment Detroit is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in August 2022, 4 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, Faithfully Organizing Resources for Community Empowerment Detroit reported income of $2.9m and spending of $1.9m, leaving 36% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $95k to $2.9m (+3002%), an average of +3002% a year. The sharpest change came in the year to December 2023, when income rose by 3002%. Over the whole period it spent 63% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Faithfully Organizing Resources for Community Empowerment Detroit sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within MI. Charities of a similar size with the same main cause include Resilience Advocates for Ending Violence ($2.9m), Thrive New Orleans ($2.9m) and Meals From the Heartland ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $200k (11% of expenses). Other salaries and wages came to $532k. It paid $63k in professional fundraising fees. At year end it held assets of $1.2m against liabilities of $112k, net assets of $1.1m. It reported 21 employees.