Detroit Belle Isle Grand Prix Inc
Detroit Belle Isle Grand Prix Inc. consistently operates at break-even, with liabilities exceeding assets.
EIN: 205885762 · Bloomfld Hls, MI · NTEE: S990 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $22.1M |
| Total Expenses | $22.9M |
| Program Spending | 85% |
| Net Assets | $-1,695,873 |
| Transparency Score | 70/100 |
Is Detroit Belle Isle Grand Prix Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Detroit Belle Isle Grand Prix Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Detroit Belle Isle Grand Prix Inc
Detroit Belle Isle Grand Prix Inc (EIN: 205885762) is a nonprofit organization based in Bloomfld Hls, MI, classified under NTEE code S990. The organization reported total revenue of $22.1M and total assets of $3.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Detroit Belle Isle Grand Prix Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Detroit Belle Isle Grand Prix Inc is a large nonprofit that has been operating for 19 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 23.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $22.8M |
| Total Expenses | $22.9M |
| Surplus / Deficit | $-93,727 |
| Total Assets | $3.4M |
| Total Liabilities | $5.1M |
| Net Assets | $-1,695,873 |
| Operating Margin | -0.4% |
| Debt-to-Asset Ratio | 149.6% |
| Months of Reserves | 1.8 months |
Financial Health Grade: D
In 2023, Detroit Belle Isle Grand Prix Inc reported a deficit of $94K with expenses exceeding revenue, holds 1.8 months of operating reserves (limited), has a debt-to-asset ratio of 149.6% (high leverage).
Financial Trends
Over 14 years of filings (2010–2023), Detroit Belle Isle Grand Prix Inc's revenue has grown at a compound annual growth rate (CAGR) of 23.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +54.2% | +54.8% | -26.3% |
| 2022 | +23.6% | +23.6% | +522.2% |
| 2021 | +694.6% | +619.5% | -44.3% |
| 2020 | -90.4% | -89.4% | -55.8% |
| 2019 | -1.3% | -1.3% | -12.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Detroit Belle Isle Grand Prix Inc with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Detroit Belle Isle Grand Prix Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $94K, with expenses exceeding revenue.
- Debt-to-asset ratio: 149.6%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either entirely volunteer-based or compensated through non-officer roles, which is a positive for minimizing overhead related to executive pay.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Detroit Belle Isle Grand Prix Inc's IRS 990 filings:
- Consistent liabilities exceeding assets across all filing periods, indicating potential financial strain or reliance on specific funding structures.
- Lack of detailed functional expense breakdown (program, admin, fundraising) in the provided data, hindering a full assessment of spending efficiency.
Strengths
The following positive indicators were identified for Detroit Belle Isle Grand Prix Inc:
- Consistent reporting of 0% officer compensation, suggesting efficient use of funds not allocated to executive salaries.
- Operational stability demonstrated by revenues and expenses closely matching in most years, indicating effective budget management for event execution.
- Significant revenue generation, with the latest reported revenue at $22,760,223, showing strong capacity to fund its activities.
Frequently Asked Questions about Detroit Belle Isle Grand Prix Inc
Is Detroit Belle Isle Grand Prix Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Detroit Belle Isle Grand Prix Inc (EIN: 205885762) some concerns. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.
How does Detroit Belle Isle Grand Prix Inc spend its money?
Detroit Belle Isle Grand Prix Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Detroit Belle Isle Grand Prix Inc tax-deductible?
Detroit Belle Isle Grand Prix Inc is registered as a tax-exempt nonprofit (EIN: 205885762). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Detroit Belle Isle Grand Prix Inc's spending goes to programs?
Detroit Belle Isle Grand Prix Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Detroit Belle Isle Grand Prix Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), Detroit Belle Isle Grand Prix Inc is above average for NTEE category S990 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Detroit Belle Isle Grand Prix Inc located?
Detroit Belle Isle Grand Prix Inc is headquartered in Bloomfld Hls, Michigan and files with the IRS under EIN 205885762. It is classified under NTEE code S990.
How many years of IRS 990 filings does Detroit Belle Isle Grand Prix Inc have?
Detroit Belle Isle Grand Prix Inc has 14 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 $22.1M in total revenue.
Why do liabilities consistently exceed assets?
The organization's liabilities have consistently exceeded its assets across all reported periods, for example, $5,113,895 in liabilities versus $3,418,022 in assets in 2023. This could indicate reliance on short-term financing, significant deferred revenue, or other operational structures that require further investigation to understand the long-term financial stability.
What is the breakdown of expenses into program, administrative, and fundraising categories?
The provided data does not offer a detailed functional expense breakdown. While revenue and expenses often match, understanding the allocation to program services versus administrative and fundraising costs is crucial for assessing efficiency and impact.
How does the organization manage its cash flow given the break-even operations?
With revenues and expenses frequently matching, as seen in 2022 ($14,762,535 revenue and expenses), the organization operates on a tight margin. Understanding its cash flow management strategies, especially with fluctuating assets and high liabilities, is important for assessing operational resilience.
Filing History
IRS 990 filing history for Detroit Belle Isle Grand Prix Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Detroit Belle Isle Grand Prix Inc's revenue has grown by 1486.1%, moving from $1.4M to $22.8M. Total assets decreased by 13.6% over the same period, from $4.0M to $3.4M. Total functional expenses rose by 1619.9%, from $1.3M to $22.9M. In its most recent filing year (2023), Detroit Belle Isle Grand Prix Inc reported a deficit of $94K, with expenses exceeding revenue. The organization holds $5.1M in liabilities against $3.4M in assets (debt-to-asset ratio: 149.6%), resulting in net assets of $-1,695,873.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $22.8M | $22.9M | $3.4M | $5.1M | — | — |
| 2022 | $14.8M | $14.8M | $4.6M | $6.2M | — | View 990 |
| 2021 | $11.9M | $11.9M | $745K | $2.3M | — | View 990 |
| 2020 | $1.5M | $1.7M | $1.3M | $2.9M | — | View 990 |
| 2019 | $15.7M | $15.7M | $3.0M | $4.5M | — | View 990 |
| 2018 | $15.9M | $15.9M | $3.5M | $4.9M | — | View 990 |
| 2017 | $14.1M | $14.1M | $3.4M | $4.8M | — | View 990 |
| 2016 | $14.1M | $14.1M | $3.9M | $5.4M | — | View 990 |
| 2015 | $14.4M | $15.0M | $4.3M | $5.7M | — | View 990 |
| 2014 | $13.4M | $13.4M | $5.7M | $6.7M | — | View 990 |
| 2013 | $13.2M | $13.2M | $5.6M | $6.7M | — | View 990 |
| 2012 | $13.0M | $13.0M | $6.3M | $7.3M | — | View 990 |
| 2011 | $1.4M | $1.3M | $5.8M | $6.8M | — | View 990 |
| 2010 | $1.4M | $1.3M | $4.0M | $5.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $22.8M, expenses of $22.9M, and assets of $3.4M (revenue +54.2% year-over-year).
- 2022: Revenue of $14.8M, expenses of $14.8M, and assets of $4.6M (revenue +23.6% year-over-year).
- 2021: Revenue of $11.9M, expenses of $11.9M, and assets of $745K (revenue +694.6% year-over-year).
- 2020: Revenue of $1.5M, expenses of $1.7M, and assets of $1.3M (revenue -90.4% year-over-year).
- 2019: Revenue of $15.7M, expenses of $15.7M, and assets of $3.0M (revenue -1.3% year-over-year).
- 2018: Revenue of $15.9M, expenses of $15.9M, and assets of $3.5M (revenue +12.5% year-over-year).
- 2017: Revenue of $14.1M, expenses of $14.1M, and assets of $3.4M (revenue +0.1% year-over-year).
- 2016: Revenue of $14.1M, expenses of $14.1M, and assets of $3.9M (revenue -2.4% year-over-year).
- 2015: Revenue of $14.4M, expenses of $15.0M, and assets of $4.3M (revenue +7.8% year-over-year).
- 2014: Revenue of $13.4M, expenses of $13.4M, and assets of $5.7M (revenue +1.4% year-over-year).
- 2013: Revenue of $13.2M, expenses of $13.2M, and assets of $5.6M (revenue +1.9% year-over-year).
- 2012: Revenue of $13.0M, expenses of $13.0M, and assets of $6.3M (revenue +859.7% year-over-year).
- 2011: Revenue of $1.4M, expenses of $1.3M, and assets of $5.8M (revenue -5.9% year-over-year).
- 2010: Revenue of $1.4M, expenses of $1.3M, and assets of $4.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Detroit Belle Isle Grand Prix Inc:
Data Sources and Methodology
This transparency report for Detroit Belle Isle Grand Prix Inc 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.