Detriot Economic Growth Association
EIN: 382433720 · Detroit, MI · NTEE: S31Z
| Metric | Value |
|---|---|
| Total Revenue | $6.6M |
| Total Expenses | $4.4M |
| Net Assets | $6.1M |
Is Detriot Economic Growth Association Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Detriot Economic Growth Association
Detriot Economic Growth Association (EIN: 382433720) is a nonprofit organization based in Detroit, MI, classified under NTEE code S31Z. The organization reported total revenue of $6.6M and total assets of $7.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Detriot Economic Growth Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Detriot Economic Growth Association is a mid-size nonprofit that has been operating for 44 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -5.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.3M |
| Total Expenses | $4.4M |
| Surplus / Deficit | $-62,259 |
| Total Assets | $6.7M |
| Total Liabilities | $603K |
| Net Assets | $6.1M |
| Operating Margin | -1.4% |
| Debt-to-Asset Ratio | 9.0% |
| Months of Reserves | 18.5 months |
Financial Health Grade: B
In 2023, Detriot Economic Growth Association reported a deficit of $62K with expenses exceeding revenue, holds 18.5 months of operating reserves (strong position), has a debt-to-asset ratio of 9.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Detriot Economic Growth Association's revenue has declined at a compound annual growth rate (CAGR) of -5.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -22.6% | -7.5% | +1.0% |
| 2022 | -82.1% | -84.7% | -2.1% |
| 2021 | +278.1% | +245.4% | +0.9% |
| 2020 | +39.5% | +44.9% | -0.4% |
| 2019 | +42.9% | +78.1% | +7.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1982 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Detriot Economic Growth Association has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Detriot Economic Growth Association with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $62K, with expenses exceeding revenue.
- Debt-to-asset ratio: 9.0%.
Frequently Asked Questions about Detriot Economic Growth Association
Is Detriot Economic Growth Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Detriot Economic Growth Association (EIN: 382433720) insufficient data. 0 red flags identified, 0 strengths noted.
How does Detriot Economic Growth Association spend its money?
Detailed spending breakdown data is not yet available for Detriot Economic Growth Association. Check back for updated IRS 990 analysis.
Are donations to Detriot Economic Growth Association tax-deductible?
Detriot Economic Growth Association is registered as a tax-exempt nonprofit (EIN: 382433720). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Detriot Economic Growth Association located?
Detriot Economic Growth Association is headquartered in Detroit, Michigan and files with the IRS under EIN 382433720. It is classified under NTEE code S31Z.
How many years of IRS 990 filings does Detriot Economic Growth Association have?
Detriot Economic Growth Association has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $6.6M in total revenue.
Filing History
IRS 990 filing history for Detriot Economic Growth Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Detriot Economic Growth Association's revenue has declined by 49.8%, moving from $8.6M to $4.3M. Total assets decreased by 0.4% over the same period, from $6.8M to $6.7M. Total functional expenses fell by 51.2%, from $9.0M to $4.4M. In its most recent filing year (2023), Detriot Economic Growth Association reported a deficit of $62K, with expenses exceeding revenue. The organization holds $603K in liabilities against $6.7M in assets (debt-to-asset ratio: 9.0%), resulting in net assets of $6.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.3M | $4.4M | $6.7M | $603K | — | — |
| 2022 | $5.6M | $4.7M | $6.7M | $471K | — | View 990 |
| 2021 | $31.2M | $31.0M | $6.8M | $1.5M | — | View 990 |
| 2020 | $8.2M | $9.0M | $6.7M | $1.6M | — | View 990 |
| 2019 | $5.9M | $6.2M | $6.8M | $917K | — | View 990 |
| 2018 | $4.1M | $3.5M | $6.3M | $154K | — | View 990 |
| 2017 | $3.4M | $3.2M | $5.6M | $149K | — | View 990 |
| 2016 | $5.2M | $5.5M | $5.5M | $281K | — | View 990 |
| 2015 | $5.7M | $6.0M | $6.0M | $518K | — | View 990 |
| 2014 | $6.4M | $6.6M | $6.4M | $576K | — | View 990 |
| 2013 | $7.6M | $5.7M | $6.3M | $334K | — | View 990 |
| 2012 | $6.5M | $6.4M | $6.0M | $1.9M | — | View 990 |
| 2011 | $8.6M | $9.0M | $6.8M | $2.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.3M, expenses of $4.4M, and assets of $6.7M (revenue -22.6% year-over-year).
- 2022: Revenue of $5.6M, expenses of $4.7M, and assets of $6.7M (revenue -82.1% year-over-year).
- 2021: Revenue of $31.2M, expenses of $31.0M, and assets of $6.8M (revenue +278.1% year-over-year).
- 2020: Revenue of $8.2M, expenses of $9.0M, and assets of $6.7M (revenue +39.5% year-over-year).
- 2019: Revenue of $5.9M, expenses of $6.2M, and assets of $6.8M (revenue +42.9% year-over-year).
- 2018: Revenue of $4.1M, expenses of $3.5M, and assets of $6.3M (revenue +20.4% year-over-year).
- 2017: Revenue of $3.4M, expenses of $3.2M, and assets of $5.6M (revenue -34.5% year-over-year).
- 2016: Revenue of $5.2M, expenses of $5.5M, and assets of $5.5M (revenue -8.3% year-over-year).
- 2015: Revenue of $5.7M, expenses of $6.0M, and assets of $6.0M (revenue -11.0% year-over-year).
- 2014: Revenue of $6.4M, expenses of $6.6M, and assets of $6.4M (revenue -15.8% year-over-year).
- 2013: Revenue of $7.6M, expenses of $5.7M, and assets of $6.3M (revenue +17.3% year-over-year).
- 2012: Revenue of $6.5M, expenses of $6.4M, and assets of $6.0M (revenue -24.1% year-over-year).
- 2011: Revenue of $8.6M, expenses of $9.0M, and assets of $6.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Detriot Economic Growth Association:
Data Sources and Methodology
This transparency report for Detriot Economic Growth Association is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.