Detroit 2030 District Inc

Analysis

Detroit 2030 District Inc is a registered charity in United States, based in Bloomfld HLS, MI. It received its IRS tax-exemption ruling in July 2021, 5 years ago. 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, Detroit 2030 District Inc reported income of $364k and spending of $203k, leaving 44% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $197k to $364k (+85%), an average of +85% a year. The sharpest change came in the year to December 2023, when income rose by 85%. Over the whole period it spent 67% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Detroit 2030 District Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within MI. Charities of a similar size with the same main cause include Wounded War Heroes of America ($364k), Autistic Community Activity Program Inc ($364k) and Vydunas Youth Fund Inc ($364k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $98k (48% of expenses). At year end it held assets of $456k against liabilities of $204k, net assets of $252k.