Develop Detroit Inc
Detroit, Michigan
Financial Health Score
9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.
Good
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Filing History
8 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $5,822,593↑15% | $4,094,725↑6% | $27,747,131↑8% | |
| 2022 | $5,044,261↑4% | $3,865,351↓21% | $25,652,440↑1% | — |
| 2021 | $4,872,421↓36% | $4,882,501↑9% | $25,520,597↑3% | — |
| 2020 | $7,642,414↑3141% | $4,473,842↑71% | $24,758,650↑20% | — |
| 2019 | $235,791↓93% | $2,620,109↓9% | $20,615,268↓6% | — |
| 2018 | $3,178,689↑44% | $2,880,514↑42% | $21,997,814↑132% | — |
| 2017 | $2,205,063↓68% | $2,025,423↑18% | $9,478,632↑37% | — |
| 2016 | $6,886,017 | $1,722,611 | $6,935,502 | — |
Frequently Asked Questions
What does Develop Detroit Inc do?▼
Develop Detroit Inc is a community improvement & capacity building nonprofit organization based in Michigan. It is classified under NTEE code S30 and is registered as a 501(c) tax-exempt organization with the IRS.
Is Develop Detroit Inc financially healthy?▼
Based on our 9-metric Financial Health Score model, Develop Detroit Inc has a score of 71/100 (Grade: B+). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.
How much revenue does Develop Detroit Inc generate?▼
Develop Detroit Inc reports $5.5M in annual revenue and holds $23.4M in total assets, based on IRS filings.
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