Friends Of Children Detroit
EIN: 821577991 · Detroit, MI · NTEE: I21
| Metric | Value |
|---|---|
| Total Revenue | $1.7M |
| Total Expenses | $1.3M |
| Net Assets | $1.7M |
Is Friends Of Children Detroit Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Friends Of Children Detroit
Friends Of Children Detroit (EIN: 821577991) is a nonprofit organization based in Detroit, MI, classified under NTEE code I21. The organization reported total revenue of $1.7M and total assets of $2.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of Children Detroit's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friends Of Children Detroit is a mid-size nonprofit that has been operating for 6 years, with 7 years of IRS 990 filings on record (2017–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $992K |
| Total Expenses | $1.3M |
| Surplus / Deficit | $-322,624 |
| Total Assets | $1.9M |
| Total Liabilities | $152K |
| Net Assets | $1.7M |
| Operating Margin | -32.5% |
| Debt-to-Asset Ratio | 8.2% |
| Months of Reserves | 16.9 months |
Financial Health Grade: B
In 2023, Friends Of Children Detroit reported a deficit of $323K with expenses exceeding revenue, holds 16.9 months of operating reserves (strong position), has a debt-to-asset ratio of 8.2% (very low leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -50.4% | +29.3% | -12.8% |
| 2022 | +97.1% | +13.5% | +83.0% |
| 2021 | -28.4% | +86.2% | +20.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2020 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Friends Of Children Detroit 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 Friends Of Children Detroit 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 $323K, with expenses exceeding revenue.
- Debt-to-asset ratio: 8.2%.
Frequently Asked Questions about Friends Of Children Detroit
Is Friends Of Children Detroit a legitimate charity?
Based on AI analysis of IRS 990 filings, Friends Of Children Detroit (EIN: 821577991) insufficient data. 0 red flags identified, 0 strengths noted.
How does Friends Of Children Detroit spend its money?
Detailed spending breakdown data is not yet available for Friends Of Children Detroit. Check back for updated IRS 990 analysis.
Are donations to Friends Of Children Detroit tax-deductible?
Friends Of Children Detroit is registered as a tax-exempt nonprofit (EIN: 821577991). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Friends Of Children Detroit located?
Friends Of Children Detroit is headquartered in Detroit, Michigan and files with the IRS under EIN 821577991. It is classified under NTEE code I21.
How many years of IRS 990 filings does Friends Of Children Detroit have?
Friends Of Children Detroit has 7 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 $1.7M in total revenue.
Filing History
IRS 990 filing history for Friends Of Children Detroit showing financial trends over 7 years of public records:
Total assets increased by 185317200% over the same period, from $1 to $1.9M. In its most recent filing year (2023), Friends Of Children Detroit reported a deficit of $323K, with expenses exceeding revenue. The organization holds $152K in liabilities against $1.9M in assets (debt-to-asset ratio: 8.2%), resulting in net assets of $1.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $992K | $1.3M | $1.9M | $152K | — | View 990 |
| 2022 | $2.0M | $1.0M | $2.1M | $101K | — | View 990 |
| 2021 | $1.0M | $896K | $1.2M | $118K | — | — |
| 2020 | $1.4M | $481K | $966K | $28K | — | View 990 |
| 2019 | $0 | $0 | $1 | $0 | — | View 990 |
| 2018 | $0 | $0 | $1 | $0 | — | View 990 |
| 2017 | $0 | $0 | $1 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $992K, expenses of $1.3M, and assets of $1.9M (revenue -50.4% year-over-year).
- 2022: Revenue of $2.0M, expenses of $1.0M, and assets of $2.1M (revenue +97.1% year-over-year).
- 2021: Revenue of $1.0M, expenses of $896K, and assets of $1.2M (revenue -28.4% year-over-year).
- 2020: Revenue of $1.4M, expenses of $481K, and assets of $966K.
- 2019: Revenue of $0, expenses of $0, and assets of $1.
- 2018: Revenue of $0, expenses of $0, and assets of $1.
- 2017: Revenue of $0, expenses of $0, and assets of $1.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friends Of Children Detroit:
Data Sources and Methodology
This transparency report for Friends Of Children Detroit 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.