Nonprofit screen
Screen a listDetroit Development Fund
Can you give?
Listed with the IRS. Every screen came back clear.
A 501(c)(3) on Publication 78 and the IRS master file.
- IRS nonprofit listing
- No issue
- Revocation
- None
- IRS files
- Agree
- Sanctions
- No match
- IRS bulletin
- No notice
- California
- No record
- Charity type
- 509(a)(1)
$4.9Mrevenue
FY2024 · +67% in 3 yrs15staff
8 of 8years filed
’17’18’19’20’21’22’23’24
Revenue and spendingRevenueSpendingDeficit
Against similar nonprofits FY2024
Operating margin41.5%
Months of reserve34.1mo
Revenue growth (annualized)−4.8%
Middle half of peersMedianDetroit Development
Where the money goes FY2024 · $2.9M spent
Programs$2.3M79%Management and general$485k17%Fundraising$122k4%990 FY2024 · Part IX line 25
Nothing to check in the filings
In its favor2
Strong governance
7 of 8 board members independent. Conflict-of-interest and whistleblower policies, audited financial statements, board reviews the 990.
990 Part VIA history of government grants
Government grants on 7 of its 8 returns, 33% of revenue in FY2024. $4.2M is traced federal awards from Department of the Treasury.
990 Part VIII · USAspending14funders
$1.3Ma year, last 3 years
26%from its largest funder
Funder’17’18’19’20’21’22’23WK Kellogg FoundationOn and off$1.1M$653k$200k$200k$200kJpmorgan Chase FoundationOn and off$2.0M$400$200$100The Gilbert Family FoundationSince FY2022$500k$500kThe Prudential FoundationSince FY2022$450k$450kTr Ua Fifth Third FoundationOn and off$100k$450k$25kCapital Impact PartnersOn and off$200kDonor-advised giftsDonors not disclosed$586k$520k$150k$231k5 other fundersUp to $167k a year each$100k$60k$100k$217k
FundedThrough a donor-advised fund