Lower Town Riverfront Conservancy

Analysis

Lower Town Riverfront Conservancy is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in December 2021, 5 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lower Town Riverfront Conservancy reported income of $10.7m and spending of $413k, leaving 96% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $10.0m to $10.7m (+6.6%), an average of +6.6% a year. Over the whole period it spent 2.1% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Lower Town Riverfront Conservancy sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within MI. Charities of a similar size with the same main cause include Stratton Mountain School & Ski Foundation Inc ($10.5m), Row New York Inc ($10.7m) and The Skating Club of Boston ($10.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $176k (43% of expenses). At year end it held assets of $20.2m against liabilities of $5,157, net assets of $20.2m. It reported 1 employees.