Nonprofit screen
Screen a listInvest Detroit Foundation
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)
$32Mrevenue
FY2024 · +153% in 3 yrs58staff
8 of 8years filed
’17’18’19’20’21’22’23’24
Revenue and spendingRevenueSpendingDeficit
Against similar nonprofits FY2024
Operating margin31.6%
Months of reserve14.9mo
Revenue growth (annualized)+11.7%
Middle half of peersMedianInvest Detroit
Where the money goes FY2024 · $22M spent
Programs$17M78%Management and general$5.0M22%990 FY2024 · Part IX line 25
Worth checking1
Government grants fell 88% in FY2021
$4.0M in FY2020, $500k in FY2021.
990 Part VIIIIn its favor3
Strong governance
15 of 15 board members independent. Conflict-of-interest and whistleblower policies, audited financial statements.
990 Part VIGrowing faster than peers
Revenue up 12% a year since FY2017, faster than half of similar nonprofits.
990 Part I · peer cohortFunders stay
10 of the 16 funders that gave before FY2021 are still giving.
Funders’ 990-PF grant lists25funders
$17Ma year, last 3 years
30%from its largest funder
Funder’17’18’19’20’21’22’23The Kresge FoundationEvery year since FY2017$650k$1.4M$2.6M$2.2M$200k$5.6M$3.0MThe Ralph C Wilson Jr FoundationSince FY2020$4.5M$1.5M$3.0M$2.0MThe Gilbert Family FoundationSince FY2022$1.7M$6.3MJpmorgan Chase FoundationStopped after FY2021$2.0M$10$1.5M$1.5M–The Ford FoundationEvery year since FY2017$500k$500k$500k$500k$500k$500k$500kFlagstar Foundation IncSince FY2019$500k$500k$500k$500k$500kDonor-advised giftsDonors not disclosed$2.0M$17M$1.0M14 other fundersUp to $750k a year each$575k$1.1M$274k$2.6M$1.6M$1.4M$1.6M
FundedThrough a donor-advised fundStopped