DETROIT ECONOMIC GROWTH ASSOCIATION

DETROIT, MI, 482263480 (313) 963-2940 Est. 1982 EIN 38-2433720
S31Z - Community Improvement 990 - Public charity return 501(c)(3)
www.degc.org

Mission

PROMOTION OF ACTIVITIES TO SPUR ECONOMIC GROWTH AND REVITALIZATION IN THE CITY OF DETROIT

Giving Portfolio

Total Grants
1,074
Total Giving
$30.2M
Recipients
1,068
Years Active
2017 - 2024
Avg grant: $59,584 Median: $10,000

Yearly Trends

YearGrantsTotal Giving Avg GrantNewRepeat
202420$2.0M $98K128
202311$376K $34K101
20221$7K $7K10
202118$565K $31K711
2020774$22.3M $29K71357
2019240$2.9M $12K2354
201710$2.1M $207K90

Sectors Funded

Community Improvement
15
Human Services
12
Arts, Culture & Humanities
10
Religion-Related
5
Environment
5
Housing & Shelter
4
Education
4
Health Care
2
and 9 more sectors

Top States

Michigan
1072
New York
1
Maryland
1

Grantee Size Profile

$1M - $5M
28
$100K - $500K
15
$500K - $1M
13
$10M - $50M
8
$5M - $10M
7
Under $100K
4

Top Grantees

Page 1 of 3
COUNTY OF WAYNE MICHIGAN
MI
$11.9M
ECONOMIC DEVELOPMENT CORPORATION OF THE CITY OF DETROIT
MI - 4 grants
$2.8M
ARIA WARREN DETROIT LLC
MI
$948K
WESTON HALL LLC
MI
$291K
MI - 2 grants
$269K
ULTREIA LLC
MI
$210K
SMART CITY LAB LLC
MD
$200K

Grants Awarded · 84 grants

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Financials

Total Revenue
$9,165,300
Total Expenses
$7,634,505
Net Assets
$6,152,249
From latest filing (tax period ending 2025-06-30)

Financial Health

Operating Reserve
9.7 months Healthy
Net assets / monthly expenses
Year-over-Year Change
Revenue ↑ 38.9%
Expenses ↓ 5.7%
Revenue Sources
Contributions 60.5% Earned revenue 39.4% Investment 0.1%
Expense Breakdown
Program 93.3% Management 5.3% Fundraising 1.3%

Officers & Trustees (39)

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Filing History (7 filings)

YearRevenueExpensesNet Assets
2024 990 - Public charity return
Jul 1, 2024 to Jun 30, 2025
$9,165,300 ↑$7,634,505$6,152,249
2023 990 - Public charity return
Jul 1, 2023 to Jun 30, 2024
$6,597,694 ↑$8,094,902$4,621,454
2022 990 - Public charity return
Jul 1, 2022 to Jun 30, 2023
$4,308,778 ↓$4,371,037$6,118,662
2021 990 - Public charity return
Jul 1, 2021 to Jun 30, 2022
$5,567,044 ↓$4,723,776$6,180,921
2020 990 - Public charity return
Jul 1, 2020 to Jun 30, 2021
$31,173,419 ↑$30,958,714$5,337,653
2019 990 - Public charity return
Jul 1, 2019 to Jun 30, 2020
$8,243,965 ↑$8,962,770$5,122,948
2017 990 - Public charity return
Jul 1, 2017 to Jun 30, 2018
$4,135,944 $3,472,908$6,117,630

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EIN: 38-2433720 · Source: IRS Form 990 e-file data