Detroit Fitness Foundation
EIN: 812871799 · Detroit, MI · NTEE: N31
| Metric | Value |
|---|---|
| Total Revenue | $1.5M |
| Total Expenses | $1.0M |
| Net Assets | $1.9M |
Is Detroit Fitness Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Detroit Fitness Foundation
Detroit Fitness Foundation (EIN: 812871799) is a nonprofit organization based in Detroit, MI, classified under NTEE code N31. The organization reported total revenue of $1.5M and total assets of $3.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Detroit Fitness Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Detroit Fitness Foundation is a mid-size nonprofit that has been operating for 7 years, with 6 years of IRS 990 filings on record (2018–2023). Revenue has grown at a compound annual rate of 13.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.5M |
| Total Expenses | $1.0M |
| Surplus / Deficit | +$516K |
| Total Assets | $3.3M |
| Total Liabilities | $1.5M |
| Net Assets | $1.9M |
| Operating Margin | 33.9% |
| Debt-to-Asset Ratio | 44.0% |
| Months of Reserves | 39.5 months |
Financial Health Grade: A
In 2023, Detroit Fitness Foundation reported a surplus of $516K with revenue exceeding expenses, holds 39.5 months of operating reserves (strong position), has a debt-to-asset ratio of 44.0% (moderate leverage).
Financial Trends
Over 6 years of filings (2018–2023), Detroit Fitness Foundation's revenue has grown at a compound annual growth rate (CAGR) of 13.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -0.8% | -10.9% | -4.7% |
| 2022 | -13.4% | +3.6% | -9.2% |
| 2021 | +41.9% | +14.8% | -4.1% |
| 2020 | -32.2% | -25.8% | -8.5% |
| 2019 | +125.0% | -1.0% | -2.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Detroit Fitness Foundation 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 Detroit Fitness Foundation 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 surplus of $516K, with revenue exceeding expenses.
- Debt-to-asset ratio: 44.0%.
Frequently Asked Questions about Detroit Fitness Foundation
Is Detroit Fitness Foundation a legitimate charity?
Detroit Fitness Foundation (EIN: 812871799) is a registered tax-exempt nonprofit based in Michigan. It has 6 years of IRS 990 filings on record. Total revenue: $1.5M. No red flags identified. Financial health grade: A.
How does Detroit Fitness Foundation spend its money?
Detroit Fitness Foundation reported $1.5M in total revenue in IRS 990 filings. 6 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Detroit Fitness Foundation tax-deductible?
Detroit Fitness Foundation is registered as a tax-exempt nonprofit (EIN: 812871799). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Detroit Fitness Foundation located?
Detroit Fitness Foundation is headquartered in Detroit, Michigan and files with the IRS under EIN 812871799. It is classified under NTEE code N31.
How many years of IRS 990 filings does Detroit Fitness Foundation have?
Detroit Fitness Foundation has 6 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 $1.5M in total revenue.
Filing History
IRS 990 filing history for Detroit Fitness Foundation showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2018–2023), Detroit Fitness Foundation's revenue has grown by 85.9%, moving from $819K to $1.5M. Total assets decreased by 26.2% over the same period, from $4.5M to $3.3M. Total functional expenses fell by 22.2%, from $1.3M to $1.0M. In its most recent filing year (2023), Detroit Fitness Foundation reported a surplus of $516K, with revenue exceeding expenses. The organization holds $1.5M in liabilities against $3.3M in assets (debt-to-asset ratio: 44.0%), resulting in net assets of $1.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.5M | $1.0M | $3.3M | $1.5M | — | — |
| 2022 | $1.5M | $1.1M | $3.5M | $2.1M | — | View 990 |
| 2021 | $1.8M | $1.1M | $3.8M | $2.9M | — | View 990 |
| 2020 | $1.2M | $950K | $4.0M | $3.7M | — | — |
| 2019 | $1.8M | $1.3M | $4.4M | $4.4M | — | View 990 |
| 2018 | $819K | $1.3M | $4.5M | $5.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.5M, expenses of $1.0M, and assets of $3.3M (revenue -0.8% year-over-year).
- 2022: Revenue of $1.5M, expenses of $1.1M, and assets of $3.5M (revenue -13.4% year-over-year).
- 2021: Revenue of $1.8M, expenses of $1.1M, and assets of $3.8M (revenue +41.9% year-over-year).
- 2020: Revenue of $1.2M, expenses of $950K, and assets of $4.0M (revenue -32.2% year-over-year).
- 2019: Revenue of $1.8M, expenses of $1.3M, and assets of $4.4M (revenue +125.0% year-over-year).
- 2018: Revenue of $819K, expenses of $1.3M, and assets of $4.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Detroit Fitness Foundation:
Data Sources and Methodology
This transparency report for Detroit Fitness Foundation 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.