Share Detroit Inc
EIN: 364940833 · Bloomfld Hls, MI · NTEE: T50
| Metric | Value |
|---|---|
| Total Revenue | $220K |
| Total Expenses | $286K |
| Net Assets | $20K |
Is Share Detroit Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Share Detroit Inc
Share Detroit Inc (EIN: 364940833) is a nonprofit organization based in Bloomfld Hls, MI, classified under NTEE code T50. The organization reported total revenue of $220K and total assets of $17K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Share Detroit Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Share Detroit Inc is a small nonprofit that has been operating for 6 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of 41.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $269K |
| Total Expenses | $286K |
| Surplus / Deficit | $-17,612 |
| Total Assets | $20K |
| Net Assets | $20K |
| Operating Margin | -6.6% |
| Months of Reserves | 0.8 months |
Financial Health Grade: C
In 2023, Share Detroit Inc reported a deficit of $18K with expenses exceeding revenue, holds 0.8 months of operating reserves (limited).
Financial Trends
Over 3 years of filings (2021–2023), Share Detroit Inc's revenue has grown at a compound annual growth rate (CAGR) of 41.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +19.7% | +43.4% | -47.4% |
| 2022 | +67.2% | +57.3% | +203.6% |
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 Share Detroit Inc 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 Share Detroit Inc 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 $18K, with expenses exceeding revenue.
Frequently Asked Questions about Share Detroit Inc
Is Share Detroit Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Share Detroit Inc (EIN: 364940833) insufficient data. 0 red flags identified, 0 strengths noted.
How does Share Detroit Inc spend its money?
Detailed spending breakdown data is not yet available for Share Detroit Inc. Check back for updated IRS 990 analysis.
Are donations to Share Detroit Inc tax-deductible?
Share Detroit Inc is registered as a tax-exempt nonprofit (EIN: 364940833). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Share Detroit Inc located?
Share Detroit Inc is headquartered in Bloomfld Hls, Michigan and files with the IRS under EIN 364940833. It is classified under NTEE code T50.
How many years of IRS 990 filings does Share Detroit Inc have?
Share Detroit Inc has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $220K in total revenue.
Filing History
IRS 990 filing history for Share Detroit Inc showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Share Detroit Inc's revenue has grown by 100.1%, moving from $134K to $269K. Total assets increased by 59.6% over the same period, from $12K to $20K. Total functional expenses rose by 125.6%, from $127K to $286K. In its most recent filing year (2023), Share Detroit Inc reported a deficit of $18K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $269K | $286K | $20K | $0 | — | — |
| 2022 | $225K | $200K | $37K | $0 | — | View 990 |
| 2021 | $134K | $127K | $12K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $269K, expenses of $286K, and assets of $20K (revenue +19.7% year-over-year).
- 2022: Revenue of $225K, expenses of $200K, and assets of $37K (revenue +67.2% year-over-year).
- 2021: Revenue of $134K, expenses of $127K, and assets of $12K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Share Detroit Inc:
Data Sources and Methodology
This transparency report for Share Detroit 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.