Detroit Electrical Workers Benevolent Corporation

Analysis

Detroit Electrical Workers Benevolent Corporation is a registered charity in United States, based in Richmond, MI. It received its IRS tax-exemption ruling in January 2023, 3 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 Electrical Workers Benevolent Corporation reported income of $205k and spending of $32k, leaving 84% of income unspent that year. Over the whole period it spent 16% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Detroit Electrical Workers Benevolent Corporation sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 54th percentile within MI. Charities of a similar size with the same main cause include Greater Waco United Fund Foundation ($205k), Silver Lake New Hope Courtyard Apartments ($205k) and Muncy Historical Society and Museum of History ($205k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $173k against liabilities of $0, net assets of $173k.